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Using the following information for a periodic inventory system, what is the amount of operating income? Purchases $32,000 Selling expense $960 Inventory, September 1 5,700
Using the following information for a periodic inventory system, what is the amount of operating income? Purchases $32,000 Selling expense $960 Inventory, September 1 5,700 Inventory, September 30 6,370 Administrative expense 910 Sales 63,000 Rent revenue 1,200 Interest expense 1,040 $31,670 $29,960 $28,760 $29,800
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