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i think its 8616 just verifying Assume the perpetual inventory system is used. Green Company purchased merchandise Inventory that cost $17,300 under terms of 2/10,
i think its 8616 just verifying
Assume the perpetual inventory system is used. Green Company purchased merchandise Inventory that cost $17,300 under terms of 2/10, 1/30 and FOB shipping point 2) Green Company paid freight cost of $730 to have the merchandise delivered 3) Payment was made to the supplier on the Inventory within 10 days. 4) All of the merchandise was sold to customers for $26,100 cash and delivered under terms FOB destination with freight cost amounting to $530 What is the amount of gross margin that results from these transactions? Multiple Choice $8,416 $8.NG $9,146 $7886 Step by Step Solution
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