The net operating income for month, Accounting Basics

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The net operating income for month

You are Corporation has provided the following data for the month of June. The beginning balance in the finished goods inventory account was $35,000 and the ending balance was $26,000. Sales totaled $220,000. Cost of goods manufactured was $99,000, selling expense was $15,000, and administrative expense was $46,000.

The net operating income for June was:

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Accounting Basics: The net operating income for month

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Sales totaled $220,000. Cost of goods manufactured was $99,000, selling expense was $15,000, and administrative expense was $46,000. The net operating income for June was:

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Accounting Basics: The net operating income for month

Reference No:- TGS091819

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Compute rockland''s 2010 diluted earnings per share

Q : What can company do if not capable of meeting requirements

Q : Calculate muggles'' current ratio

Q : What effect did the borrowing transaction have on the amount

Q : The net operating income for month

Q : Elements of the communication process

Q : How much is the total cost

Q : Importance of optimizing the design before jumping

Q : Loss of a tumor suppressor gene usually promotes cancer

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: The net operating income for month

Reference No:- TGS091819

Recent Questions Asked Accounting Basics

Q : Compute rockland''s 2010 diluted earnings per share

Q : What can company do if not capable of meeting requirements

Q : Calculate muggles'' current ratio

Q : What effect did the borrowing transaction have on the amount

Q : The net operating income for month

Q : Elements of the communication process

Q : How much is the total cost

Q : Importance of optimizing the design before jumping

Q : Loss of a tumor suppressor gene usually promotes cancer

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