Bernard Corporation gathered the following information for the year just ended: During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year.
What is the operating income (loss)for the year?

Question

Bernard Corporation gathered the following information for the year just ended:  During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year.
What is the operating income (loss)for the year?

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The Answer of Bernard Corporation gathered the following information for the year just ended:  During the year, Bernard produced and sold 50,000 units of product at a selling price of $9.00 per unit. There was no beginning inventory of product at the start of the year.
What is the operating income (loss)for the year?

Bernard Corporation Gathered the Following Information for the Year Just