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What is operating income for 2000? Beginning finished good, 1/1/2000 $50,000 Ending finished goods, 12/31/2000 35,000 Sales revenue 485,000 Operating expenses 109,000 Beginning work-in-process 480,000

What is operating income for 2000?

Beginning finished good, 1/1/2000 $50,000
Ending finished goods, 12/31/2000 35,000
Sales revenue 485,000
Operating expenses 109,000
Beginning work-in-process 480,000
Ending work-in-process 641,000
Direct material purchases 142,000
Direct material used 84,000
Manufacturing overhead 236,000
Direct labor 77,000

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