Daisy's General Store has the following information for the year 2021. Sales 162,250 Purchases 108,380 Gross Profit
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Daisy's General Store has the following information for the year 2021.
Sales | 162,250 | Purchases | 108,380 | Gross Profit | 58,210 | |||
Sales returns | 980 | Purchase returns | 390 | Net income | 17,360 | |||
Sales discounts | 1,960 | Purchase discounrs | 1,630 | |||||
Beginning inventory | 16,880 | Transportation-in | 700 | |||||
What would be the ending inventory?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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