Question: PROBLEM II Using the following information from Char Company. Prepare an income statement through operating income for the year. Sales? $ 900,000 Finished goods inventory

PROBLEM II
Using the following information from Char Company. Prepare an income statement through operating income for the year.
Sales? $ 900,000
Finished goods inventory beginning? 45,000
Cost of goods manufactured? 585,000
Finished goods inventory ending? 60,000
Operating expenses? 275,000

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