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Use the following information in random order) from a merchandising company and from a service company McNeil Merchandising Company Accumulated depreciation 5 700 Beginning inventory
Use the following information in random order) from a merchandising company and from a service company McNeil Merchandising Company Accumulated depreciation 5 700 Beginning inventory 14,500 Inding inventory 8,700 Expensen 2,400 Net purchased 19,100 Net sales 28,500 Krug Service Company Expenses $ 9,300 Revenuen 33,000 Cash 800 Prepaid rent 720 Accounts payable 200 Equipment 3,100 a. Compute the goods available for sale, the cost of goods sold and gross profit for the merchandiser. Hint. Not all information may be necessary b. Compute net income for each company. . Goods avnilable for sale a. Cost of goods sold a. Gross profit b. Net income for Krug Service Company b. Net income for McNeil Merchandising Company
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