San Diego State University Operations And Supply Chain Management Assignment Help - Inventory

Question - At the end of Snyder Department Store’s fiscal year on November 30, 2012, these accounts appeared
in its adjusted trial balance.
Freight-in …………………………… $ 5,060
Inventory (beginning) ……………….. 41,300
Purchases …………………………… 613,000
Purchase Discounts …………………… 7,000
Purchase Returns and Allowances ……. 6,760
Sales Revenue …………………… … 902,000
Sales Returns and Allowances ………. 20,000
Additional facts:
1. Merchandise inventory on November ...Read More 30, 2012, is $36,200.
2. Note that Snyder Department Store uses a periodic system.
Instructions
Prepare an income statement through gross profit for the year ended November 30, 2012.

Oct 11 2013 04:15 AM ...Read Less

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