Precision Musical Instruments, Merchandisers of Musical Instruments, Has Provided the Following

Precision Musical Instruments, merchandisers of musical instruments, has provided the following details: $$\begin{array} { | l | l | r | } \hline \text { Mar. 5 } & \text { Inventory purchased on account } & \$ 800,000 \\\hline \text { Mar. 8 } & \text { Freight in } & 30,000 \\\hline \text { Mar. 13 } & \text { Purchase returns } & 60,000 \\\hline \text { Mar. 14 } & \text { Allowances by vendor } & 10,000 \\\hline \text { Mar. 20 } & \text { Payment made to vendor for purchases on March 5 } & ? \\\hline\end{array}$$ Credit terms are: 4/20, 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.

A) $790,000
B) $729,600
C) $730,000
D) $730,800