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Debra Company began operations on June 1. The following transactions took place in June: a. Purchases of merchandise on account were $1,200,000. b. The cost of freight to receive the inventory was $40,000. This was paid in cash. c. Debra returned $20,000 of the merchandise due to an ordering error. Debra received a full credit for the return. d. Debra paid the remaining balance for the merchandise. Calculate the dollar amount that Debra will have in inventory at.

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Debra Company began operations on June 1. The following transactions took place in June: a. Purchases of merchandise on account were $1,200,000. b. The cost of freight to receive the inventory was $40,000. This was paid in cash. c. Debra returned $20,000 of the merchandise due to an ordering error. Debra received a full credit for the return. d. Debra paid the remaining balance for the merchandise. Calculate the dollar amount that Debra will have in inventory at

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