Question
The IS-52068 company reports the following information for last year: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied
The IS-52068 company reports the following information for last year: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead costs $ 657,000 $ 85,000 $ 130,000 $ 101,000 $ 41,000 $221,000 $210,000 Inventories Raw materials Work in process Finished goods Beginning Ending $ 8,400 $ 5,500 $ 76,000 $ 10,200 $20,400 $ 25,200 The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-52068 company's net operating income for last year? O $ 85,900 $ 79,000 $ 55,900 $ 44,900
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