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Assume the perpetual inventory method is used 14 1) The company purchased $12.400 of merchandise on account under terms 2/10, 30 2) The company returned

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Assume the perpetual inventory method is used 14 1) The company purchased $12.400 of merchandise on account under terms 2/10, 30 2) The company returned $1,000 of merchandise to the supplier before payment was made. 3) The a ty was paid within the discount period 4) All of the merchandise purchased was sold for $18.800 cash. 01:48:45 The amount of gross margin from the four transactions is Multiple Choice O $6.272 O $6.400 here to search

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