FIN.ACCT-TOOLS F/DECI.MAKERS-TEXT+WILEY+
9th Edition
ISBN: 9781119598312
Author: Kimmel
Publisher: WILEY C
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The accounts of Aggie Company have the following balances for 2012:
Purchases
$ 5,20,000
Inventory, January 1, 2012,
80,000
Purchase Returns
Purchase Discounts
Sales
Sales Returns
Freight-In
15,280
1,760
8,88,600
12,500
900
Freight-Out
1,000
The inventory count on December 1, 2012, is $96,000.
Using the information given, compute the gross profit for Aggie
Company for the year ending December 31, 2012.
A. $388,240
B. $387,240
C. $389,140
D. $389,040
E. $413,240
Subject. General Account
General Account
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