TB MC Qu. 04-93 (Algo) Assume the perpetual inventory... Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $17,100 under terms of 4/10, n/30 and FOB shipping point. 2) Green Company paid freight cost of $710 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 $25,700 cash and delivered under terms FOB destination with freight cost amounting to $510. What is the amount of gross margin that results from these transactions? Multiple Choice $8,574 $9,284 O O $8.064 O $8,774