How much is the Net Sales for October?

How much is the Cost of Goods Sold for October ?

How much is the selling expense for October?

How much is the general and administrative expense for October?

How much is the Net Income (Loss) for October?

PROBLEM No. 2. The following information were taken from the records of Galaxy Company. MM To Oct. 31 Net sales 31,234,500 31,473,600 Cost of goods sold: Merchandise inventory, Jan. 1 3 300,000 3 300,000 Purchases 920,000 l,,@ Goods available for sale 31,220,000 31,435,000 Merchandise inventory, Dec. 31 l , Cost of sales .@ ,, Gross profit on sales 3 294,500 3 411,200 Selling expenses [ 142,500) ( 197,200) General and administrative expenses (j,ll {1@1 Net income to date w,m P 142 000 (Next 5 questions will ne based from here)