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Ballard Company uses the perpetual inventory system. The company purchased 59,600 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the

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Ballard Company uses the perpetual inventory system. The company purchased 59,600 of merchandise from Andes Company under the terms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $410 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $18.200 cash. What is the grous margin that resulted from these transactions? Multiple Choice $9,600 $8.500 $8.190. 58.382

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