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Merc Formula

Parson - Merchandising Income Statement Formulas

QuestionAnswer
Net Sales - Sales Discounts - Sales Returns & Allowance Net Sales
Purchases + Transportation In Cost of Merchandise Delivered
Purchases + Transportation In - Purchases discounts - Purchase Returns & Allowances Net Purchases
Beginning Inventory + Net Purchases Cost of Merchandise Available for Sale
Beginning Inventory + Net Purchases - Ending Inventory Cost of Merchandise Sold
Net Sales - Cost of Merchandise Sold Gross Profit
Gross Profit - Other Expenses Net Income or Loss
Cost of Merchandise Available for Sale - Ending Inventory Cost of Merchandise Sold
Cost of Merchandise Delivered - Purchase Discounts - Purchase Returns & Allowance Net Purchases
Created by: yparson
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