Walsh Products has no Work in Process or Finished Goods inventories at the close of...
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Accounting
Walsh Products has no Work in Process or Finished Goods inventories at the close of business on December 31 of the current year. The balances of Walsh Products accounts as of December 31 are as follows:
Cost of goods sold--unadjusted
$2,520,000
Selling & administrative expenses
$950,000
Sales
$4,000,000
Manufacturing overhead control
$800,000
Manufacturing overhead applied
$754,000
Pretax income for the current year is:
Select one:
a. $576,000
b. $484,000
c. $530,000
d. $680,000
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