Sunday 24 February 2013

Salvadore Inc., a local retailer, has provided the following data for the month of September: Merchandise inventory, beginning balance $ 47,700 Merchandise inventory, ending balance $ 44,200 Sales $264,500 Purchases of merchandise inventory $136,900 Selling expense $ 24,100 Administrative expense $ 58,700 The net operating income for September was: $41,300 $44,000 $128,600 $127,600

Salvadore Inc., a local retailer, has provided the following data for the month of September:

  Merchandise inventory, beginning balance    $  47,700  
  Merchandise inventory, ending balance    $  44,200  
  Sales    $264,500  
  Purchases of merchandise inventory    $136,900  
  Selling expense    $  24,100  
  Administrative expense    $  58,700  

The net operating income for September was:
 
$41,300
 
$44,000
 
$128,600
 
$127,600 


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