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please explain. thanks! Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual Inventory system. 1) The
please explain. thanks!
Darlington Company experienced the following business events during its first month of operations. The company uses the perpetual Inventory system. 1) The company purchased $12,800 of merchandise on account under terms 4/10,n/30. 2) The company returned $1,500 of merchandise to the supplier before payment was made. 3) The liability was paid within the discount period. 4) All of the merchandise purchased was sold for $19,400 cash. What is the gross margin that results from these four transactions? Mutiple Choice 58.552 $6,600 $10,848 55300 Step by Step Solution
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