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    nicolecannon25's Avatar
    nicolecannon25 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 6, 2012, 08:44 PM
    How do I calculate to get the total for less merchandise inventory on an incomestatem
    I have a merchandise inventory of 127,500.00
    And I have purchases of 453,000.00
    I have freight in of 8,800.00
    My delivered cost of purchases is 36,425.00
    Less purchases returns and allowances is 12,650.00
    Purchases discount is 8,240.00
    Net delivered cost of purchases is15,535.00
    Total merchandise available for sale is 143,035.00
    What is my less merchandise inventory?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #2

    Oct 7, 2012, 04:57 AM
    Would you put that question in english please?
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