Help Save & Exit ual inventory system. The company purchased $8,200 of merchandise from Andes Company under the Ballard Company uses the perpet terms 2/10, net/30. Ballard paid for the merchandise within 10 days and also paid $270 freight to obtain the goods under terms FOB shipping point. All of the merchandise purchased was sold for $15,400 cash. The amount of gross margin for this merchandise is 6:59 Multiple Choice $7.200. $8,200. $6.930 $7094 Next> 12 ot 50