Prepare Statements for a Merchandising Company The cost accountant for Angie's Apparel has compiled the following...

 

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Prepare Statements for a Merchandising Company The cost accountant for Angie's Apparel has compiled the following information for last month's operations: Administrative costs. . . . Merchandise inventory, July 1 Merchandise inventory, July 31 Merchandise purchases. Sales commissions Sales revenue Store rent.. Store utilities Transportation-in costs. $ 14,000 3,000 2,500 120,000 9,000 190,000 3,000 5,500 9,000 Required Prepare an income statement with a supporting cost of goods sold statement. Prepare Statements for a Merchandising Company The cost accountant for Angie's Apparel has compiled the following information for last month's operations: Administrative costs. . . . Merchandise inventory, July 1 Merchandise inventory, July 31 Merchandise purchases. Sales commissions Sales revenue Store rent.. Store utilities Transportation-in costs. $ 14,000 3,000 2,500 120,000 9,000 190,000 3,000 5,500 9,000 Required Prepare an income statement with a supporting cost of goods sold statement.