Question

Saint Mary s Rum... Saint Mary's Main... Google Docs Symbolab Math S... Desmos | Graphin... EasyBib: Free Exam 1 Saved Assume the following: 27 8 00:32:34 Sales Overapplied overhead Cost of goods manufactured Beginning finished goods inventory Ending finished goods inventory Selling and administrative expenses $240,000 $ 5,000 $180,000 $ 10,000 $ 14,000 $ 33,000 What is the net operating income? Multiple Choice $26,000 $30,000 < Prev 27 of 40 Mc Graw Hill Next > SEP A 22

Answer 1

Net income = $36,000

Sales $ 240,000 Cost of goods manufactured Beg finished goods Selling and admin expense less End finished goods less Overapplied overhead $ 180,000 $ 10,000 $ 33,000 $ (14,000) $ (5,000) $ 204,000 Net Income $ 36,000