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Devos Inc. sells bulk stationery supplies to businesses in El Paso. They have 4 product lines. Binders, Pencils, Pens, and Desks. Each of the Units

Devos Inc. sells bulk stationery supplies to businesses in El Paso. They have 4 product lines. Binders, Pencils, Pens, and Desks. Each of the Units represents one bulk order for a given product line. The selling price for each bulk unit is as follows: The selling price for each bulk unit is as follows: Item Price Binder $25 Desk $100 Pencil $8 Pens $12. The cost of goods sold for each bulk order is as follows: Item COGS Binder $12 Desk $40 Pencil $3 Pens $4. Their total variable selling expenses are estimated to be $10,000 for the year and are assigned proportionally to each product line based on its sales mix. Fixed costs for the year are estimated to be $6,800. Monthly selling data for each product line can be found here:

Monthly Sales Product Line Units
Jan-20 Binders 27
Jan-20 Pens 83
Jan-20 Desks 94
Jan-20 Pencils 95
Feb-20 Desks 11
Feb-20 Binders 15
Feb-20 Pencils 36
Feb-20 Pens 81
Mar-20 Desks 4
Mar-20 Binders 16
Mar-20 Pencils 56
Mar-20 Pens 99
Apr-20 Desks 11
Apr-20 Binders 22
Apr-20 Pencils 66
Apr-20 Pens 105
May-20 Desks 10
May-20 Binders 14
May-20 Pencils 75
May-20 Pens 105
Jun-20 Desks 4
Jun-20 Binders 15
Jun-20 Pens 76
Jun-20 Pencils 90
Jul-20 Desks 7
Jul-20 Binders 19
Jul-20 Pencils 53
Jul-20 Pens 101
Aug-20 Desks 13
Aug-20 Binders 24
Aug-20 Pencils 32
Aug-20 Pens 108
Sep-20 Desks 3
Sep-20 Binders 10
Sep-20 Pencils 90
Sep-20 Pens 93
Oct-20 Desks 8
Oct-20 Binders 11
Oct-20 Pencils 35
Oct-20 Pens 101
Nov-20 Desks 7
Nov-20 Binders 28
Nov-20 Pencils 67
Nov-20 Pens 73
Dec-20 Desks 8
Dec-20 Pencils 14
Dec-20 Binders 25
Dec-20 Pens 101

Given the sales overall data for the year in the Excel file you were provided, what was the operating income for Devos Inc in 2020?

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