Question: Please provide detail working and explanation please answer only if you have deep knowledge about this question Question 7 Correct Mark 0.10 out of 0.10

Please provide detail working and explanation

please answer only if you have deep knowledge about this question

Please provide detail working and explanation
Question 7 Correct Mark 0.10 out of 0.10 Remove flag Mason Corp. begins the month with an inventory balance of $1,500 and completed the following transactions for the month, listed in chronological order. Mason uses the gross method to record purchase discounts. Transaction Cost Amount Purchased inventory from vendor, terms 2/10, n30 $1,200 Paid for shipping on the inventory purchase 60 Returned inventory to vendor 150 Paid an account balance within discount period 1,029 Sold inventory collecting $580 in cash 400 Paid for shipping on inventory sold 20 What is Mason's month-end inventory balance under a perpetual inventory system? Select one: O A. $2,129 B. $2,209 C. $2,189 O D. $1,979 O E. $2,039

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