21 . Assume the perpetual inventory method is used. Green Company purchased merchandise inventory that...
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21 . Assume the perpetual inventory method is used. Green Company purchased merchandise inventory that cost $17,800 under terms of 2/10, n/30 and FOB shipping point. The company paid freight cost of $780 to have the merchandise delivered. Payment was made to the supplier within 10 days. All of the merchandise was sold to customers for $27,100 cash and delivered under terms FOB shipping point with freight cost amounting to $580. What is Green Company's gross margin resulting from these transactions? Multiple Choice $8,876 $9.656 Mart barch Multiple Choice $8,876 $9,656 $27,100 $18,804 < Prev
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