Question: guis campany ltd sells standard lipsticks the following information summarises...
Guis campany Ltd sells standard Lipsticks. The following information summarises Guis operating activities for 2019.
Selling and administrative expenses $49680
Sales revenue 138000
inventory, 1 July 2018 (Beginning ) 7500
inventory , 30 June 2019 (Ending ) 12360
prepare an income statement for Guis company for the financial Year ending 30 June 2019