Sannin Corporation sells jackets. The following information summarizes Sannin's operating activities for 2014: Selling and administrative...
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Sannin Corporation sells jackets. The following information summarizes Sannin's operating activities for 2014: Selling and administrative expenses $ 35,500 Purchases 80,100 Sales Revenue I 150,000 Merchandise inventory, January 1, 2014 10,500 Merchandise inventory, December 31, 2014 22,000 Requirements 1. Calculate the operating income for 2014. 2. Sannin sold 450 jackets in 2014. Compute the unit cost per one jacket. Sannin Corporation sells jackets. The following information summarizes Sannin's operating activities for 2014: Selling and administrative expenses $ 35,500 Purchases 80,100 Sales Revenue I 150,000 Merchandise inventory, January 1, 2014 10,500 Merchandise inventory, December 31, 2014 22,000 Requirements 1. Calculate the operating income for 2014. 2. Sannin sold 450 jackets in 2014. Compute the unit cost per one jacket.
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1 Beginning merchandise inventory January 1 2014 10500 Endin... View the full answer
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