Management of Parrent Corporation has asked your help as an intern in preparing some key reports for April. The company started the month with raw materials inventories of $32,000. During the month, the company made raw materials purchases amounting to $68,000. At the end of the month, raw materials inventories totaled $35,000. Direct labor cost was $43,000 and manufacturing overhead was $62,000. The beginning balance in the work in process account was $19,000 and the ending balance was $12,000. The beginning balance in the finished goods account was $35,000 and the ending balance was $58,000. Sales totaled $240,000. Selling expense was $18,000 and administrative expense was $42,000.
-The net operating income for April was:
A) $26,000
B) $86,000
C) $75,000
D) $7,000
Correct Answer:
Verified
Q82: Derflinger Corporation reported the following data for
Q83: Derflinger Corporation reported the following data for
Q84: Derflinger Corporation reported the following data for
Q85: Management of Berndt Corporation has asked your
Q86: Management of Berndt Corporation has asked your
Q88: Management of Berndt Corporation has asked your
Q89: Weygandt Corporation reported the following data for
Q90: Tator Corporation reported the following data for
Q91: Tator Corporation reported the following data for
Q92: The following data pertain to Harriman Company's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents