FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Hagrid Gardening Corporation manufactures gardening products. The following information relates to the current period:
DM Purchased | $14,900 |
DM Inventory, Jan 1 | $12,700 |
DM Inventory, Dec 31 | $16,100 |
DL | $6,400 |
MOH | $16,700 |
Period Costs | $10,500 |
WIP Inventory, Jan 1 | $2,500 |
WIP Inventory, Dec 31 | $8,000 |
FG Inventory, Jan 1 | $19,500 |
FG Inventory, Dec 31 | $4,800 |
A total of 5,000 products were sold for $25 each. Based on this information, please calculate the following:
Operating Income?
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