Assume the cost of goods sold equaled $550,000. What is the Net Income for September

Question 10 The following pertains to Constant Co. for September 2021 Sales $1,300,000 Raw materials inventory, beginning $40,000 Work in process inventory, beginning $54,000 Finished goods inventory, beginning $63,000 Raw materials purchases $180,000 Direct labor $230,000 Indirect labor $50,000 Repairs Factory equipment $31,000 Rent cost of factory building $49,000 Selling expenses $101,000 General and administrative expenses $160,000 Raw materials inventory, ending $42,000 Work in process inventory, ending $63,000 Finished goods inventory, ending $84,000 Use this information to answer the following question. Assume the cost of goods sold equaled $550,000. What is the Net Income for September Sunday, September 12, 2021 12:23:45 PM EDT