Custom Choppers, Inc. records for September 2016 show the following information:

Sales	$820,000
Selling and administrative expenses	140.000
direct purchases of materials	176,000
Direct labour	200,000
Factory overhead	270.000
Direct Materials, September 1	24,000
Work in progress, September 1	50,000
Finished Goods, September 1	46,000
Direct Materials, September 30	28,000
Work in progress, September 30	56,000
Finished products, September 30	38,000

Calculate  net income for the month of September

Answer rating: 100% (QA)

The cost of goods sold is calculated as follows Direct materials ... View the full answer