{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-14T17:11:13-04:00", "answer_date": "2024-06-14 17:11:13", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "3028580", "url": "\/study-help\/questions\/tamworth-trading-ltd-income-statement-for-the-month-ended-30-3028580", "question_creation_date_js": "2024-06-14T17:11:13-04:00", "question_creation_date": "Jun 14, 2024 05:11 PM", "meta_title": "[Solved] TAMWORTH TRADING LTD INCOME STATEMENT FOR | SolutionInn", "meta_description": "Answer of - TAMWORTH TRADING LTD INCOME STATEMENT FOR THE MONTH ENDED 30 JUNE INCOME Net Sales (10100 x $5) $50,500 Less : Cost of | SolutionInn", "meta_keywords": "tamworth,trading,ltd,income,statement,month,ended,30,june,net,sales,10100", "question_title_h1": "TAMWORTH TRADING LTD INCOME STATEMENT FOR THE MONTH ENDED 30 JUNE INCOME Net Sales (10100 x $5) $50,500 Less : Cost of sales Less: Inventory", "question_title": "TAMWORTH TRADING LTD INCOME STATEMENT FOR THE MONTH ENDED 30 JUNE INCOME", "question_title_for_js_snippet": "TAMWORTH TRADING LTD INCOME STATEMENT FOR THE MONTH ENDED 30 JUNE INCOME Net Sales (10100 x $5) $50,500 Less Cost of sales Less Inventory loss (or Inventory shortage expense) $22,420 $225 GROSS PROFIT $27,855", "question_description": "

TAMWORTH TRADING LTD<\/strong><\/p>

INCOME STATEMENT<\/strong><\/p>

FOR THE MONTH ENDED 30 JUNE<\/strong><\/p>

<\/p>

INCOME<\/p>

<\/p>

Net Sales (10100 x $5)<\/p>

$50,500<\/p>

<\/p>

<\/p>

<\/p>

<\/p>

Less<\/em>: Cost of sales<\/p>

Less: Inventory loss (or Inventory shortage expense)<\/p>

$22,420<\/p>

<\/p>

$225<\/u><\/p>

GROSS PROFIT<\/p>

$27,855<\/u><\/p>

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