The following information pertains to Expert System Corporation: ...

[Yi-Chen]

Question 1

For last year, Watson Limited reported revenues of $420,000, cost of goods sold of $118,000, cost of goods manufactured of $105,000, and total operating costs of $60,000. Operating income for that year was ________.
◦ $315,000
◦ $302,000
◦ $255,000
◦ $242,000

Question 2

The following information pertains to Expert System Corporation:

Beginning work-in-process inventory

$18,000

Ending work-in-process inventory

25,000

Beginning finished goods inventory

36,000

Ending finished goods inventory

31,000

Cost of goods manufactured

241,000

Sales

302,000

 What is the gross profit margin earned by the company?
◦ $56,000
◦ $63,000
◦ $68,000
◦ $66,000

[stillxalice]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 29% of students answer this correctly

[Jenna Ronshak]

Thank you