Determine net income for Kein using the following information.

Accumulated depreciation

$140,000

Beginning inventory

$500,000

Ending inventory

$220,000

Expenses

$167,000

Net purchases

$450,000

Net sales

$950,000

a. $527,000

b. $53,000

c. $387,000

d. $85,000

For the completion of job, 100 skilled workmen, 40 semi-skilled workmen and 60 unskilled workmen worked for 30 weeks. Standard weekly wages for skilled workmen is $60, semiskilled workmen is $36 and unskilled workmen is $24. The job completes in 32 weeks by 80 skilled, 50 semi-skilled and 70 unskilled workmen. Actual wages per week is $65 for skilled, $40 for semi-skilled and $20 for unskilled workmen