Assume the perpetual inventory method is used. 1) Green Company purchased merchandise inventory that cost $16,900 under terms of 3/10, n/30 and FOB shipping point. 2) The company paid freight cost of $690 to have the merchandise delivered. 3) Payment was made to the supplier within 10 days. 4) All of the merchandise was sold to customers for $25,300 cash and delivered under terms FOB shipping point with freight cost amounting to $490. The gross margin from these transactions of Green Company is Multiple Choice 0 0 88.217 $8,217. 03.12 $8.417. 0 $8.907 Multiple Choice $8,217. $8,417. $8,907. s727.