Gluth Corporation Has Provided the Following Data for the Month

question 10

Multiple Choice

Gluth Corporation has provided the following data for the month of July. The beginning balance in the finished goods inventory account was $56,000 and the ending balance was $49,000. Sales totaled $290,000. Cost of goods manufactured was $147,000, selling expense was $17,000, and administrative expense was $68,000.
-The net operating income for July was:

• A) $58,000
• B) $143,000
• C) $150,000
• D) $51,000

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Definitions:

Mild Hallucinogen

A substance that induces subtle alterations in perception, mood, and thought, without causing intense hallucinations or loss of reality.

Dopamine

A neurotransmitter in the brain that plays key roles in regulating mood, motivation, pleasure, and motor control.

Serotonin

A neurotransmitter in the brain associated with mood regulation, digestion, sleep, memory, and other bodily functions.

Euphoric Rush

A sudden, intense feeling of happiness or exhilaration, typically resulting from the release of certain neurotransmitters.