Question
Celtics Pro Shop is a merchandiser that provided the following information regarding its 2017 NBA World Champion sweatshirts : AMOUNT: Number of units sold .
Celtics Pro Shop is a merchandiser that provided the following information regarding its 2017 NBA World Champion sweatshirts : AMOUNT: Number of units sold . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Selling price per unit . . . . . . . . . . . . . . . . . . . . . . . . $30. Variable selling expense per unit . . . . . . . . . . . . . . . $4. Variable administrative expense per unit . . . . . . . . . $2. Total fixed selling expense . . . . . . . . . . . . . . . . . . . $80,000. Total fixed administrative expense . . . . . . . . . . . . . $60,000. Beginning merchandise inventory . . . . . . . . . . . . . . $48,000. Ending merchandise inventory . . . . . . . . . . . . . . . . $88,000. Merchandise purchases . . . . . . . . . . . . . . . . . . . . . $360,000.
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
13th Edition
1292085053, 9781292085050
