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The IS-99434 company reports the following information for last year: Sales Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied
The IS-99434 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 Inventories Raw materials Work in process Ending Beginning $ 8,300 $ 10,500 $ 5,900 $ 20,500 $ 74,000 $ 25,300 $ 656,000 $ 89,000 $ 134,000 $ 108,000 $ 42,000 $225,000 $210,000 Finished goods The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-99434 company's net operating income for last year? $41,100 $ 26,100 $ 68,100 $ 58,000
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