Select the appropriate terms from the dropdown for the items below. 1. Debits to Merchandise Inventory 2. A discount gained through early payment 3. The merchandise inventory account balance should equal ending inventory, at all times 4. Separate account maintained for each different product 5. Freight terms that require the seller to pay the freight cost 6. Sales less sales returns and allowances and sales discounts 7. Freight cost to deliver goods to customers reported as an operating expense 8. Freight terms that require the buyer to pay the freight cost 9. Deducted from net sales to calculate gross profit 10. Requires a physical count of goods on hand to calcul 11. A calculation of gross profit divided by net sales elow. Net Sales ending inventory, at all times Gross Profit Margin Subsidiary Account Freight Out FOB Destination Cost of Goods Sold en operating expense Purchase Discount cost Cost of Goods Purchased Periodic Inventory System FOB Shipping Point e cost of goods sold Perpetual Inventory System Attempts: 0 of 1 used sa