How do the net price method and perpetual inventory system work together? Assume ABC Company buys S9,000 of inventory with terms 2/10, n/30 Inventory 8,820 Accounts Payable 8,820 Assume ABC pays $200 of freight to obtain the inventory Inventory Cash 200 200 Assume ABC returns $800 (gross price) of inventory because it is the wrong color. Accounts Payable Inventory 784 784 Assume ABC pays for the inventory within the discount period. Accounts Payable 8,036 Cash 8,036 Now assume that ABC pays for the inventory after the discount period has expired. Accounts Payable Purchase Discounts Lost 8,036 164 Cash 8,200 Notice how the last entry indicates to management that the system is not performing properly because a discount was lost. Using the above transactions, how do the net price method and periodic inventory system work together? Gross price method and perpetual inventory system? Gross price method and periodic inventory system