Unformatted text preview: Ending Inventory (40,000) Cost of Good Solds 269,000 Kizzy Corporation Income Statement Ended September 30, 2009 Sales Sales 500,000 Cost of Good Sold 269,000 Gross Margin 231,000 Expenses Selling and Marketing Expenses 125,000 Administrative Expenses 50,000 General Expenses 20,000 Total Expenses 195,000 Net Income 36,000 7% Kizzy Corp. Has a gross profit of 7% for the year ended September 30, 2009....
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- Spring '08
- LOPEZ
- Accounting, Revenue, Generally Accepted Accounting Principles, raw material, Kizzy Corporation, Available Ending Inventory
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