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The Sales company reports the following information for last year: Direct labor cost Raw material purchases Selling expenses Administrative expenses Manufacturing overhead applied to
The Sales company reports the following information for last year: 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 $ 8,100 $ 10,500 $ 5,100 $ 20,400 $ 72,000 $ 25,900 $ 659,000 $ 87,000 $ 131,000 $ 108,000 $ 45,000 $ 221,000 $ 209,000 Finished goods The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the operating income for last year? O $ 83,600 $ 38,600 O $ 50,600 O $ 67,000 mpany's net
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