Sales
Tax
20000
50%
Loss on sale of asset
3000
Sales discount
1500
Sales and marketing
expenses
200
Cost of sales
500
Cost of service
200
Rent income
500
Gross Profit= 18,000
The following relate to Data Original in 2012. What is the ending inventory?
Purchases $540,000
Beginning Inventory 80,000
Purchase Returns 10,000
Sales 800,000
Cost of Goods Sold 490,000
Ending Inventory :120,000
Cost of Goods Sold
Dividends Declared
Other Income
Other Expense
Retained Earnings, January 1, 2010
Sales
Selling Expense
General Expense
Operating Income 44,000
$ 70,000
5,000
9,000
11,000
116,000
131,000
7,000
8,000