DigiTech sells computers On January of this year, it had a beginning merchandise inventory of 500,000,includingtransportationincosts Itpurchased 500 , 000 , 2,600,000 of merchandise, had 260,000oftransportationincosts,andhadmarketingandadministrativecostsof 260 , 000 , 1,600,000 during the year The...

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DigiTech sells computers. On January | of this year, it had a beginning merchandise inventory of 500,000,includingtransportationincosts.Itpurchased

Question:

DigiTech sells computers. On January | of this year, it had a beginning merchandise inventory of $500, 000, i n c l u d i n g t r a n s p o r t a t i o n - i n c o s t s . I t p u r c h a s e d$ 2,600,000 of merchandise, had $260, 000 o f t r a n s p o r t a t i o n - i n c o s t s, a n d h a d m a r k e t i n g a n d a d m i n i s t r a t i v e c o s t s o f$ 1,600,000 during the year. The ending inventory of merchandise on December 31 of this year was $300, 000, i n c l u d i n g t r a n s p o r t a t i o n - i n c o s t s . R e v e n u e w a s$ 5,000,000 for the year.
Required