Solved: The company made 20000 units and sold 18000 units for 650, Cost Accounting

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The company made 20000 units and sold 18000 units for 650

During its first year of operations, The Catazaro Company paid $20,000 for direct material and $50,000 for production workers' wages. Lease payment and utilities on the production facility amounted to $12,000. General, selling and administrative expenses amounted to $6,000. The company made 20,000 units and sold 18,000 units for $6.50 each. What was the amount of the company's net income for the first year?

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Cost Accounting: The company made 20000 units and sold 18000 units for 650

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