Selected financial information for Brookeville Manufacturing ispresented in the following table (000s omitted).
Sales revenue $4,800 Purchases of direct materials $480 Direct labo $500 Manufacturing overhead $710 Operating expenses $650 Beginning raw materials inventory $220 Ending raw materials inventory $180 Beginning work in process inventory $400 Ending work in process inventory $430 Beginning finished goods inventory $300 Ending finished goods inventory $240
What was the operating income?
A. $2,390 B. $4,800 C. $3,010 D. $4,150
Selected financial information for Brookeville Manufacturing ispresented in the following table (000s omitted).
| Sales revenue | $4,800 |
| Purchases of direct materials | $480 |
| Direct labo | $500 |
| Manufacturing overhead | $710 |
| Operating expenses | $650 |
| Beginning raw materials inventory | $220 |
| Ending raw materials inventory | $180 |
| Beginning work in process inventory | $400 |
| Ending work in process inventory | $430 |
| Beginning finished goods inventory | $300 |
| Ending finished goods inventory | $240 |
What was the operating income?
| A. | $2,390 |
| B. | $4,800 |
| C. | $3,010 |
| D. | $4,150 |
Related questions
Show all steps please :)
The following data (in thousands of dollars) have been takenfrom the accounting records of Dallas Corporation forthe just-completed year.
Purchases of raw materials | $170 | |
Direct labor | $210 | |
raw materials Used | $220 | |
Administrative expenses | $180 | |
Overhead | $160 | |
Work-in-process inventory, beginning | $30 | |
Work-in-process inventory, ending | $20 | |
Finished goods inventory, beginning | $100 | |
Finished goods inventory, ending | $70 |
Required: Prepare a Schedule of Cost ofGoodsManufactured statement for the Dallas Corp
Purchases of raw materials | $170 | |
Direct labor | $210 | |
raw materials Used | $220 | |
Administrative expenses | $180 | |
Overhead | $160 | |
160 | ||
Work-in-process inventory, beginning | $30 | |
Work-in-process inventory, ending | $20 |
*Please type out the answer.
The following data (in thousands of dollars) have been takenfrom the accounting records of Larden Corporation for thejust-completed year.
Sales | $950 |
Purchases of raw materials | $170 |
Direct labor | $225 |
Manufacturing overhead | $220 |
Administrative expenses | $180 |
Selling expenses | $140 |
Raw materials inventory, beginning | $90 |
Raw materials inventory, ending | $80 |
Work-in-process inventory, beginning | $30 |
Work-in-process inventory, ending | $20 |
Finished goods inventory, beginning | $100 |
Finished goods inventory, ending | $70 |
Prepare a Schedule of Cost of Goods Manufactured statement in thetext box below.
