Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 7,500 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $599,000 301,000 69,000 14,000 45,000 42,000 What is the operating income for the year? (Round your answer to the nearest whole dollar.) OA. $318,000 OB. $281,000 OC. $530,000 OD. $212,000
Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 7,500 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $599,000 301,000 69,000 14,000 45,000 42,000 What is the operating income for the year? (Round your answer to the nearest whole dollar.) OA. $318,000 OB. $281,000 OC. $530,000 OD. $212,000
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter7: Inventories
Section: Chapter Questions
Problem 6CP
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