Question

A. store supplies still available at fiscal year-end amount to $1,750.b. expired insurance, an administrative expense, for the fiscal year is $1,400.c. depreciation expense on store equipment, a selling expense, is $1,525 for the fiscal year.d.to estimate shrinkage, a physical count of ending merchandise inventory is taken. it shows $10,900 of inventory is still available at fiscal year-end.

Answer 1

Answer:

The answer is $1600.

Explanation:

Depreciation Expense store equipment = $1525

accumulated depreciation = $1525

Costs of goods sold = $1600

So, Merchandise Inventory = $1600.