Question: 8. MoCo begins operations in April, uses the perpetual method, and records merchandise purchases at net. MoCo makes two purchases on account. Terms are 1/15,

8. MoCo begins operations in April, uses the perpetual method, and

8. MoCo begins operations in April, uses the perpetual method, and records merchandise purchases at net. MoCo makes two purchases on account. Terms are 1/15, n/45. On April 4, MoCo purchases merchandise for $3,000, which it pays for on April 16. On April 11, it makes a $9,000 pur chase that it pays for on April 29, but there are no sales in April. On A pril 30, the balance in MoCo's inventory ledger account is .. $12,000 b. $11,970 c. $11,880 d. $11,910 T.nand ugeg the neriodic method. Its June

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