Moving to another question will save this response. uestion 5 Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: Mar. 5 Inventory purchased on account $775,000 Mar. 8 Freight in 45,000 Mar. 13 Purchase returns 50,000 Mar. 14 Allowances by vendor 15,000 Payment made to vendor for purchases on March Mar. 20 5 Question 5 of 32 5 points Save Arower Credit terms are: 3/20, n/45, FOB shipping point. Calculate the net cost of inventory purchased assuming that there are no other inventory-related transactions during the month. Assume that the perpetual inventory system is used. $732,350 $733,700 $710,000 $760,000