Using the following information from Nathan Company, prepare an income statement through operating income for the year:
Question:
Sales ..................... $900,000
Finished goods inventory, beginning ......... 45,000
Cost of goods manufactured ............. 575,000
Finished goods inventory, ending ........... 80,000
Operating expenses ................ 300,000
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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