Selling and administrative expenses

Assignment Help Financial Accounting

Reference no: EM13795286

Sloane 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 Sloane 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:

a. $530,000

b. $680,000

c. $576,000

d. $484,000

Reference no: EM13795286

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