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Assume Beta Company uses the perpetual inventory method and engaged in the following transactions! 1) Purchased $13,000 of merchandise on account under terms 2/10, n/30.

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Assume Beta Company uses the perpetual inventory method and engaged in the following transactions! 1) Purchased $13,000 of merchandise on account under terms 2/10, n/30. 2) Returned $1,300 (list price) of merchandise to the supplier before payment was made. 3) Paid the account payable within the discount period. 4) Sold the merchandise for $16.900 cash. The amount of gross margin from the four transactions is Multiple Choice 0 95434. 53,666

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