ventory method is used. 1) Green Company purchased merchandise inventory that cost $17,700 under terms of 3/10, 1/30 and FOB shipping point 2) The company paid freight cost of $770 to have the merchandise delivered. 3) Payment was made to the supplier within 10 days. 4) All of the merchandise was sold to customers for $26,900 cash and delivered under terms FOB shipping point with freight cost amounting to $570. The gross margin from these transactions of Green Company is Multiple Choice O $9,731 O $8,391 $8,961 O