Dimitri Company

Dimitri Company, a manufacturer of small tools, provided the following information from its accounting records for the year ended December 31, 2014. Inventory at December 31, 2014 (based on physical count of goods in Dimitri’s plant, at cost, on December 31, 2014) $1,528,300 Accounts payable at December 31, 2014 1,258,800 Net sales (sales less sales returns) 8,214,800 Additional information is as follows.