E6-8 (Algo) Reporting Purchases, Purchase Discounts, and Purchase Returns Using a Perpetual Inventory System [LO 6-3] During the month of June. Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $3,700 from Diamond Incorporated with terms 3/12,n/45. June 5 Returned goods costing $800 to Diamond Incorporated for credit on account. June 6 Purchased goods from Club Corporation for $750 with terms 2.5/12,n/45. June 11 Paid the balance owed to Dianond Incorporated. June 22 Paid Club Corporation in futt. Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month Calculate the cost of inventory as of June 30 . (Do not round intermediate calculations. Round your answer to 2 decimal places.)