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please find attached what needs to be done The IS-97404 company reports the following information for last year: Sales 5 553,680 Direct labor cost 5
please find attached what needs to be done
The IS-97404 company reports the following information for last year: Sales 5 553,680 Direct labor cost 5 86,688 Raw material purchases $ 132,680 Selling expenses $ 103,680 Administrative expenses $ 4?,680 Manufacturing overhead applied to work in process $ 225,680 Actual manufacturing overhead costs 5 206,680 Inventories Beginning Ending Raw materials 1. 3,900 5 10,580 lIniork in process 1. 5,900 5 20,?80 Finished goods 35 ?9,800 5 25,380 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS97404 company's net operating income for last year? O 5- 46,700 (0) $ 65.000 0 $ 27,?00 0 SB 74,700Step by Step Solution
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