AC 302 WEEK 9 Exercise 23 Question 4

AC 302 WEEK 9 Exercise 23 Question 4
 	 
The income statement of Vince Gill Company is shown below.
VINCE GILL COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2014
Sales revenue				
Cost of goods sold				
   Beginning inventory				
   Purchases			
   Goods available for sale			
   Ending inventory				
   Cost of goods sold				
Gross profit				
Operating expenses				
   Selling expenses		
   Administrative expenses			
Net income

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