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Answer the following questions using the information below: Beginning finished goods, 1/1/2015 $ 40,000 Ending finished goods, 12/31/2015 33,000 Cost of goods sold 250,000 Sales

Answer the following questions using the information below:

Beginning finished goods, 1/1/2015$ 40,000

Ending finished goods, 12/31/201533,000

Cost of goods sold250,000

Sales revenue600,000

Operating expenses120,000

- What is operating income for 2015?

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