Using the information below, calculate net income for the period. Factory Overhead
Posted: Mon May 30, 2022 7:23 am
Using the information below, calculate net
income for the period.
Factory
Overhead
20,000
Beginning Direct Materials
25,000
Ending Direct
Materials
30,000
Beginning Work in Process
55,000
Ending Work in
Process
64,000
Beginning Finished Goods
80,000
Ending Finished
Gods
67,000
Cost of Goods Sold
540,000
Sales
1,254,000
Operating expenses
262,000
Group of answer choices
$1,022,000.
$482,000.
$452,000.
Cannot be determined from the information provided.
$714,000.
income for the period.
Factory
Overhead
20,000
Beginning Direct Materials
25,000
Ending Direct
Materials
30,000
Beginning Work in Process
55,000
Ending Work in
Process
64,000
Beginning Finished Goods
80,000
Ending Finished
Gods
67,000
Cost of Goods Sold
540,000
Sales
1,254,000
Operating expenses
262,000
Group of answer choices
$1,022,000.
$482,000.
$452,000.
Cannot be determined from the information provided.
$714,000.