Question
Beginning finished goods, 1/1/2015 $ 46,000 Ending finished goods, 12/31/2015 38,000 Cost of goods sold 250,000 Sales revenue 488,000 Operating expenses 112,000 What is operating
Beginning finished goods, 1/1/2015 $ 46,000
Ending finished goods, 12/31/2015
38,000
Cost of goods sold
250,000
Sales revenue
488,000
Operating expenses
112,000
What is operating income for 2015?
I am thinking that it is $126,000, but I would like to be sure.
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
