Salvadore inc a local retailer has provided the following, Ask an Expert

Accounting

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

Merchandise inventory, beginning balance	$ 46,800
Merchandise inventory, ending balance	$ 45,000
Sales	$265,200
Purchases of merchandise inventory	$133,100
Selling expense	$ 24,900
Administrative expense	$ 54,700

The net operating income for September was:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950911

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