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in September, Smith

question 74

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Use the following information for questions
In September, Smith Company had the following financial statement amounts related to producing 500 units:
 Direct materials $27,000 Depreciation expense 11,000 Sales revenue 95,000 Direct labour 23,000 Rent expense 25,000\begin{array}{ll}\text { Direct materials } & \$ 27,000 \\\text { Depreciation expense } &11,000\\\text { Sales revenue } & 95,000 \\\text { Direct labour } & 23,000 \\\text { Rent expense } & 25,000\end{array}
-How much is the net profit, (loss) , for September?


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