Question

Snyder Brush Company sells standard hair brushes. The following information summarizes Snyder’s operating activities for 2014:
Selling and Administrative Expenses ........ $ 49,680
Purchases .................... 78,000
Sales Revenue .................. 138,000
Merchandise Inventory, January 1, 2014 ....... 7,500
Merchandise Inventory, December 31, 2014 ..... 12,360

Requirements
1. Calculate the operating income for 2014.
2. Snyder sold 6,000 brushes in 2014. Compute the unit cost for one brush.



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  • CreatedJanuary 16, 2015
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