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Widgets R Us is a manufacturing company. It incurred the following costs in 2017 for manufacturing 10,000 widgets. Direct material $8,000 Direct labor $12,000 Factory

Widgets R Us is a manufacturing company. It incurred the following costs in 2017 for manufacturing 10,000 widgets. Direct material $8,000 Direct labor $12,000 Factory overhead $20,000 The company also spent $30,000 on selling and adminstration expenses. THe selling price of a widget is $10. If the company sells 5,000 widgets, what is the net income (net profit)?

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