Question

Moving to another question will save this response. Question 2 What is the operating income for 2015? $86,000 74,000 307,000 454,000 101,000 Beginning finished good, 1/1/2015 Ending finished goods, 12/31/2015 Cost of goods sold Sales revenue Operating expenses $34,000 $46,000 $58,000 $73,000 L A Moving to another question will save this response.

Answer 1

Particulars	$	$
Sales		454000
(+) Opening finished goods	86000
Cost of goods sold	307000
(-) Closing finished goods	74000
Cost of sales		319000
Operating Expenses		101000
Operating income		34000

Option A. $34,000 is the answer.