Answered step by step
Verified Expert Solution
Question
1 Approved Answer
begining finished goods: 1/1/2012 $ 80,000 ending finished goods, 31/12/2012 $ 67,000 cost of goods sold $ 270,000 sales revenue $ 150,000 operating expenses $
| begining finished goods: 1/1/2012 | $ 80,000 |
| ending finished goods, 31/12/2012 | $ 67,000 |
| cost of goods sold | $ 270,000 |
| sales revenue | $ 150,000 |
| operating expenses | $ 145,000 |
what is operating profit for 2012
A $ 112,000
B $ 62,000
C $ 85,000
D $ 230,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Contemporary Auditing Issues And Cases
Authors: Michael Chris Knapp
3rd Edition
0538891173, 9780538891172
