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What was the company net operating income

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Reference no: EM133129602

Question - The IS-79541 company reports the following information for last year:

Sales

$660,000

Direct labor cost

$85,000

Raw material purchases

$134,000

Selling expenses

$109,000

Administrative expenses

$44,000

Manufacturing overhead applied to work in process

$227,000

Actual manufacturing overhead costs

$210,000

 

Inventories

Beginning

Ending

Raw materials

$8,300

$10,200

Work in process

$5,200

$20,500

Finished goods

$78,000

$25,400

Required - The company closes out any underapplied or overapplied overhead to Cost of Goods Sold. What was the IS-79541 company's net operating income for last year?

Reference no: EM133129602

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