Business, 31.07.2019 21:10 gabbystar517

Assume the perpetual inventory method is used. 1) green company purchased merchandise inventory that cost $16,700 under terms of 4/10, n/30 and fob shipping point. 2) the company paid freight cost of $670 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 $24,900 cash and delivered under terms fob shipping point with freight cost amounting to $470. the gross margin from these transactions of green company is

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Assume the perpetual inventory method is used. 1) green company purchased merchandise inventory that...