Question
Daisy's General Store has the following information for the year 2021. Sales 162,250 Purchases 108,380 Gross Profit 58,210 Sales returns 980 Purchase returns 390 Net
Daisy's General Store has the following information for the year 2021.
Sales | 162,250 | Purchases | 108,380 | Gross Profit | 58,210 | |||
Sales returns | 980 | Purchase returns | 390 | Net income | 17,360 | |||
Sales discounts | 1,960 | Purchase discounrs | 1,630 | |||||
Beginning inventory | 16,880 | Transportation-in | 700 | |||||
What would be the ending inventory?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
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