Data pertaining to a recent periods operations

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Reference no: EM13746286

The following data pertaining to a recent period's operations are available :

Beginning Finished Goods Inventory: $12,000

Cost of Goods Manufactured : $36,000

Ending Finished Goods Inventory : $6,000

Gross Margin : 40% of sales

Administrative and selling expenses : $10,000

Question : Net operating income was ?

A) 10,000 B) 18,000 C) 70,000 D) 46,000 E

Reference no: EM13746286

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