est #3 Calculator Freight Terms Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all Invoices were paid within the discount period. Freight Paid by Seller Returns and Allowances Freight Terms Merchandise $90,000 110,000 $15,000 $1,000 1,575 FOB shipping point, 1/10, 1/30 FOB destination, 2/10, 1/30 8,500 Bainment Scor . The Remaine 2.511 Type here to search for Gradina 932 PM 12/11/2019 #3 Calculator Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item Widget are as follows: Mar. 1 Inventory 200 units at $8 9 Sale 175 units 13 Purchase 160 units at $9 25 Sale 150 units Assuming a perpetual Inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on March 25 and (b) the inventory on Mar a. Cost of merchandise sold on March 25 b. Inventory on March 31