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Here are data regarding the current month: Sales revenue $240,000 Overapplied manufacturing overhead $9,000 Cost of goods manufactured $180,000 Finished goods inventory, beginning $10,000
Here are data regarding the current month: Sales revenue $240,000 Overapplied manufacturing overhead $9,000 Cost of goods manufactured $180,000 Finished goods inventory, beginning $10,000 Finished goods inventory, ending $14,000 Selling and administrative expenses $33,000 The amount of overapplied manufacturing overhead is immaterial. What is operating income?
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
