During February, Peters Hardware made sales of ($38,600) and ended the month with inventories totaling ($5,400.) Cost
Question:
During February, Peter’s Hardware made sales of \($38,600\) and ended the month with inventories totaling \($5,400.\) Cost of Goods Sold was \($23,200.\) Total operating expenses were \($8,700.\) How much net income did Peter’s Hardware earn for the month?
a. ($1,300\)
b. $15,400\)
C. \($6,700\)
d. $10,000\)
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