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Business, 24.03.2021 16:40 creeconnell1

Assume the perpetual inventory method is used: a. Green Company purchased merchandise inventory that cost $16,800 under terms of 2/10, n/30 and FOB shipping point.
b. Green Company paid freight cost of $680 to have the merchandise delivered.
c. Payment was made to the supplier on the inventory within 10 days.
d. All of the merchandise was sold to customers for $25,100 cash and delivered under terms FOB destination with freight cost amounting to $480.

The gross margin from these transactions of Green Company is:

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