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Posted: **Sun Jun 05, 2022 6:46 pm**

: Nives Corporation Reported The Following Data For The Month Of January Inventories Beginning Ending 36 000 25 000 Ra 1 (43.59 KiB) Viewed 48 times

: Nives Corporation Reported The Following Data For The Month Of January Inventories Beginning Ending 36 000 25 000 Ra 2 (12.27 KiB) Viewed 48 times

Nives Corporation reported the following data for the month of January: Inventories: Beginning Ending $36,000 $25,000 Raw materials............ Work in process.. Finished goods. $16,000 $22,000 $37,000 $40,000 Additional information: Sales........ $280,000 Raw materials purchases. $66,000 Direct labor cost............. $35,000 Manufacturing overhead cost... $86,000 Selling expense $24,000 Administrative expense... $53,000
The net operating income for January was: $14,000 $16,000 $91,000 $82,000