You are given the information below and you are requested to answer the following questions...
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Accounting
You are given the information below and you are requested to answer the following questions (keep your calculations at a side paper because you might need them to answer other questions also): Beginning finished goods, 1/1/2019 $ 90,000 Ending finished goods, 31/12/2019 $ 77,000 Cost of goods sold $ 270,000 Sales revenue $ 500,000 Operating expenses $ 155,000 Out: What is the operating income for 2019? A $112.000 B. $ 62,000 C. 5 230.000 D. 575.000
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