Question: Hello! Please help me to answer and find out the Cost Inventory and the Net Sales, please Thank you, 14. 1.54 points E6-9 Reporting Purchases,
14. 1.54 points E6-9 Reporting Purchases, Purchase Discounts, and Purchase Returns using a Perpetual Inventory Syst was as the month of June. Ace Incorporated purchased goods from two suppliers. The sequence of events follows: June 3 Purchased goods for S4,000 from Diamond Inc. with terms 30/12, 45. 5 goods costing $950 to Diamond Inc. for full credit 6 Purchased goods from club for $900 with 2.5/12, n45 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full. Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the Calculate the cost of inventory as of June 30 (Do not round intermediate your answer to 2 places.) Hints References eBook & Resources Check my work
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