Salvadore Inc., a local retailer, has provided the following data for the month

Question

Salvadore Inc., a local retailer, has provided the following data for the month of September:

  Merchandise inventory, beginning balance $  46,800     Merchandise inventory, ending balance $  45,000     Sales $265,200     Purchases of merchandise inventory $133,100     Selling expense $  24,900     Administrative expense $  54,700  
The net operating income for September was: $50,700 $46,900 $133,100 $132,100 $50,700 $46,900 $133,100 $132,100 Salvadore Inc., a local retailer, has provided the following data for the month of September:

Explanation / Answer

$132,100

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