Using the following information from Char Company, prepare an income statement through operating income for the year:

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Sales ................. $900,000

Finished goods inventory, beginning ...... 45,000

Cost of goods manufactured ......... 585,000

Finished goods inventory, ending ....... 60,000

Operating expenses ............ 275,000

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Managerial Accounting

ISBN: 9780538742801

11th Edition

Authors: Susan V. Crosson, ‎ Belverd E. Needles

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Question Posted: Feb 23, 2012 02:04 AM

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Using the following information from Char Company, prepare an income statement through operating income for the year:

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Char Company Income Statement For the Year Sales 900000 Cost of goo...View the full answer

Managerial Accounting

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