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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 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 04:1 ...Read More

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