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Nieman Inc., a local retailer, has provided the following data for the month of March: Merchandise inventory, beginning balance $ 42,800 Merchandise inventory, ending balance
Nieman Inc., a local retailer, has provided the following data for the month of March: |
Merchandise inventory, beginning balance | $ 42,800 |
Merchandise inventory, ending balance | $ 43,700 |
Sales | $263,300 |
Purchases of merchandise inventory | $140,600 |
Selling expense | $ 16,900 |
Administrative expense | $ 60,400 |
The net operating income for March was: |
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