Using the Information Below, Calculate Net Income for the Period

question 93

Multiple Choice

Using the information below, calculate net income for the period: $$\begin{array} { l r } \text { Sales reverues for the period } & \$ 1,304,000 \\\text { Operating expenses for the period } & 239,000 \\\text { Finished Goods Irventory, Jaruary 1 } & \mathbf { 3 6 , 0 0 0 } \\\text { Finished Goods Irventory, Decernber } 31 & 41,000 \\\text { Cost of goods marufactured for the period } & 540,000\end{array}$$

• A) $774,000.
• B) $769,000.
• C) $530,000.
• D) $535,000.
• E) $448,000.

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The court of first instance in the state judicial system, where civil and criminal cases are initially tried.

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