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Contero Products Has No Work in Process or Finished Goods

question 61

Multiple Choice

Contero Products has no Work in Process or Finished Goods inventories at the close of business on December 31 of the current year. The balances of Contero Products' accounts as of December 31 are as follows: Contero Products has no Work in Process or Finished Goods inventories at the close of business on December 31 of the current year. The balances of Contero Products' accounts as of December 31 are as follows:   Pretax income for the current year is: A)  $608,000. B)  $660,000. C)  $712,000. D)  undeterminable from the information given. Pretax income for the current year is:


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