Question 7 1 pts FOB shipping point refers to the situation in which title to goods in transit rests with the O buyer seller O shipping company O transportation company Question 8 1 pts Using the perpetual inventory system, which account is used to record the payment of freight for inventory purchased? merchandise inventory o cost of goods sold sales revenue delivery expense Question 9 1 pts Assume Easy Electronics had Net Sales Revenue of $100,000, and Cost of Goods Sold of $75,000. Average Merchandise Inventory was $15,000. What is the gross profit percentage for Easy Electronics for this period? $53,500 $55,000 O $58,500 63,500