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Author Question: What is the operating income for 2018? Beginning finished good, 1/1/2018$90,000Ending finished ... (Read 238 times)

mcmcdaniel

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on: Mar 6, 2021

Question 1

What is the gross margin for 2018? 

Beginning finished good, 1/1/2018$91,000
Ending finished goods, 12/31/201877,000
Cost of goods sold310,000
Sales revenue459,000
Operating expenses103,000

◦ $135,000
◦ $46,000
◦ $163,000
◦ $149,000

Question 2

What is the operating income for 2018? 

Beginning finished good, 1/1/2018$90,000
Ending finished goods, 12/31/201877,000
Cost of goods sold306,000
Sales revenue456,000
Operating expenses101,000

◦ $73,000
◦ $49,000
◦ $36,000
◦ $62,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by mcmcdaniel on Mar 6, 2021

ASDFGJLO

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Reply #1 on: Mar 6, 2021
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mcmcdaniel

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

jordangronback

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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