Question - Crystal Inc. is a merchandiser of stone ornaments. The company sold 15,000 units in 2015. The company has provided the following information:
Sales Revenue $557,000
Purchases (excluding freight in) 300,000
Selling and Administrative Expenses 69,000
Freight In 15,000
Beginning Merchandise Inventory 45,000
Ending Merchandise Inventory 55,700
What is the operating income for 2015?
A) $183,700
B) $304,300
C) $252,700
D) $257,000