Last month Cyber Games, a computer game retailer, had total sales of $1,450,000, selling expenses of $210,000,
Question:
Last month Cyber Games, a computer game retailer, had total sales of $1,450,000, selling expenses of $210,000, and administrative expenses of $180,000. The company had beginning merchandise inventory of $240,000, purchased additional merchandise inventory for $950,000, and had ending merchandise inventory of $170,000.
Required:
Prepare in income statement for the company for the month.
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Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
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