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  • CH 19-3 Sheet

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    Ironmonk036
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    Ch 19-3 Sheet

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    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    CH 19-3 Sheet

    Uploaded by

    Ironmonk036

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    % of Net Sales

    Operating Revenue:
    Net Sales $ 99,340.00 100%
    Cost of Merchandise Sold:
    Beginning Inv. 1/1 $ 142,536.20
    Net Purchases $ 42,452.80
    Merchandise Available for Sale: $ 184,989.00
    Less: Est. Ending Inv. 1/31
    Cost of Merchandise Sold: $ 184,989.00 186%
    Gross Profit on Operations $ (85,649.00) -86%
    Operating Expenses $ 30,298.70 31%
    Net Income $ (115,947.70) -117%

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