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Required information [The following informatian app0ies to the questions displayed below] Assume the perpetual itiventory system is used WGreen Compary purchased merchandise inventory that cost

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Required information [The following informatian app0ies to the questions displayed below] Assume the perpetual itiventory system is used WGreen Compary purchased merchandise inventory that cost $17700 under terms of 3 Mo, fr30 and FOB thipping point. 2) Green Comparty paid freight cost of 5770 to have the metchandise delwered 3) Payment was made to the supplier on the miventory within 10 days, 4) All of the merchandise was sold to customes for $26,900 cash and delivered urider termis FO0 destifation with frelght cost amounting to $570 Wiat is the amount of gross margin that results from these transactions? Musple Choice 49361 58394 5931

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