Question
Getting Closer, Inc., has the following information: Sales: $ 254,000 Beginning finished goods inventory: $ 51,000 Costs of goods manufactured: $ 132,000 Ending finished goods
Getting Closer, Inc., has the following information: Sales: $ 254,000 Beginning finished goods inventory: $ 51,000 Costs of goods manufactured: $ 132,000 Ending finished goods inventory: $ 46,000 SG&A Expenses: $ 48,000
a. Calculate the cost of goods sold.
b. Calculate the gross profit.
c. Calculate operating income.
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
