Chapter $4$ Homework $($i$)$

$15$

QS $4-3($Algo$)$ Merchandise accounts and computations LO C$1$

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.

$\backslash$table$[[$a$.$ Goods available for sale$],[$a$.$ Cost of goods sold$],[$a$.$ Gross profit$],[$b$.$ Net income for Krug Service Company$],[$b$.$ Net income for McNeil Merchandising Company$]]$