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  3. guis campany ltd sells standard lipsticks the following information summarises...

Question: guis campany ltd sells standard lipsticks the following information summarises...

Question details

Guis campany Ltd sells standard Lipsticks. The following information summarises Guis operating activities for 2019.

Selling and administrative expenses $49680

Purchases                                          78000

Sales revenue                              138000

inventory, 1 July 2018 (Beginning ) 7500

inventory , 30 June 2019 (Ending ) 12360

Required 

prepare an income statement for Guis company for the financial Year ending 30 June 2019

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