Snyder

Brush Company sells standard hair brushes. The following information summarizes

Snyder's

operating activities for

2024:

1(Click

the icon to view the information.)

Requirements

1.	Calculate the operating income for 2024.
2.	Snyder sold 5,400 brushes in 2024. Compute the unit cost for one brush.

Requirement 1. Calculate the operating income for

2024.

Snyder Brush Company
Income Statement
Year Ended December 31, 2024
	Revenue:
	(1)
	Cost of Goods Sold:
		(2)
		(3)
		(4)
		(5)
	Cost of Goods Sold
	Gross Profit
	(6)
	Operating Income

Requirement 2.

Snyder

sold

5,400

brushes in

2024.

Compute the unit cost for one brush. (Round your answer to the nearest cent.)

Cost per brush =

1: Data Table

Selling and Administrative Expenses	$42,768
Purchases	59,400
Net Sales Revenue	118,800
Merchandise Inventory, January 1, 2024	9,450
Merchandise Inventory, December 31, 2024	7,074

(1)

Beginning Merchandise Inventory

Cost of Goods Available for Sale

Ending Merchandise Inventory

Net Sales Revenue

Purchases

Selling and Administrative Expenses

(2)

Beginning Merchandise Inventory

Cost of Goods Available for Sale

Ending Merchandise Inventory

Net Sales Revenue

Purchases

Selling and Administrative Expenses

(3)

Beginning Merchandise Inventory

Cost of Goods Available for Sale

Ending Merchandise Inventory

Net Sales Revenue

Purchases

Selling and Administrative Expenses

(4)

Beginning Merchandise Inventory

Cost of Goods Available for Sale

Ending Merchandise Inventory

Net Sales Revenue

Purchases

Selling and Administrative Expenses

(5)

Beginning Merchandise Inventory

Cost of Goods Available for Sale

Ending Merchandise Inventory

Net Sales Revenue

Purchases

Selling and Administrative Expenses

(6)

Beginning Merchandise Inventory

Cost of Goods Available for Sale

Ending Merchandise Inventory

Net Sales Revenue

Purchases

Selling and Administrative Expenses