6

Using the information below, calculate net income for the period: Sales revenues for the period Operating expenses for the period Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Cost of goods manufactured for the period $1,316,000 251,000 48,000 53,000 552,000 Multiple Choice O $798,000 O $793,000 $518,000. $547,000 O $412,000