The following data were taken from the income statements of Bordeaux Company.
| 2012 | 2011 | ||
| Sales Revenue | $6,420,000 | $6,240,000 | |
| Beginning inventory | 970,000 | 837,000 | |
| Purchases | 4,840,000 | 4,661,000 | |
| Ending inventory | 1,020,000 | 970,000 |
The following data were taken from the income statements of Bordeaux Company.
| 2012 | 2011 | ||
| Sales Revenue | $6,420,000 | $6,240,000 | |
| Beginning inventory | 970,000 | 837,000 | |
| Purchases | 4,840,000 | 4,661,000 | |
| Ending inventory | 1,020,000 | 970,000 |