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15 Using this information, what is the net income? Sales revenues for the period $1,321,000 Operating expenses for the period 256,000 Finished Goods Inventory, January

15

Using this information, what is the net income?

Sales revenues for the period $1,321,000

Operating expenses for the period 256,000

Finished Goods Inventory, January 1 53,000

Finished Goods Inventory, December 31 58,000

Cost of goods manufactured for the period 557,000

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