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Last month Bims, a wedding dress retailer, had total sales of $3,000,000, selling expenses of $315,000, and administrative expenses of $385,000. The company had
Last month Bims, a wedding dress retailer, had total sales of $3,000,000, selling expenses of $315,000, and administrative expenses of $385,000. The company had beginning merchandise inventory of $250,000, purchased additional merchandise inventory for $950,000, and had ending merchandise inventory of $100,000. Required: Prepare an income statement for the company for the month in good form. Cost of goods sold: Goods available for sale Less operating expenses: BIMS Income Statement For the Period Ended XXXX 0 0 0
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