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.

Question

Ana Lewis

Business

14 January, 02:07

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.

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Answers (1)

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Cherish Lee · Answer 1

The answer is $1600.

Explanation:

Depreciation Expense store equipment = $1525

accumulated depreciation = $1525

Costs of goods sold = $1600

So, Merchandise Inventory = $1600.