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Jones Brush Company sells standard hair brushes. The following information summarizes Jones's operating activities for 2024: E: (Click the icon to view the information.) Requirements
Jones Brush Company sells standard hair brushes. The following information summarizes Jones's operating activities for 2024: E: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2024. 2. Jones sold 5,400 brushes in 2024. Compute the unit cost for one brush. . Requirement 1. Calculate the operating income for 2024. Jones Brush Company Income Statement Year Ended December 31, 2024 Data Table $ 44,712 Revenue: Net Sales Revenue 124,200 Selling and Administrative Expenses Purchases 58,320 Net Sales Revenue 124,200 Cost of Goods Sold: Beginning Merchandise Inventory Purchases 9,450 9,450 58,320 Merchandise Inventory, January 1, 2024 Merchandise Inventory, December 31, 2024 702 Cost of Goods Available for Sale Ending Merchandise Inventory Cost of Goods Sold Print Done Gross Profit Operating Income
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