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Please explain in detail on how you got the answer, step by step please. Jones Brush Company sells standard hair brushes. The following information summarizes
Please explain in detail on how you got the answer, step by step please.
Jones Brush Company sells standard hair brushes. The following information summarizes Jones's operating activities for 2024: (Click the icon to view the information.) Requirements 1. Calculate the operating income for 2024. 2. Jones sold 5,500 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 Revenue $ 32,395 Cost of Goods Sold: 49,500 Selling and Administrative Expenses Purchases Net Sales Revenue Merchandise Inventory, January 1, 2024 Merchandise Inventory, December 31, 2024 104,500 9,625 3,740 Cost of Goods Sold Gross Profit Print Done Operating IncomeStep by Step Solution
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