The following data (in thousands of dollars) have been taken from the accounting records of Karlana Corporation of the just completed year:
Sales $910
Raw materials inventory, beginning $80
Raw materials inventory, ending $20
Purchases of raw materials $100
Direct labor $130
Manufacturing overhead $200
Administrative expenses $160
Selling expenses $140
Work in process inventory, beginning $40
Work in process inventory, ending $10
Finished goods inventory, beginning $130
Finished goods inventory, ending $150
The net operating income for the year (in thousands of dollars) was
I added all the expenses together then subtracted them from the sales, and got B. $180. I just want to make sure that the way I figured this out was right and wanted to make sure the answer is right. Thanks in advance!
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
Looking for a Similar Assignment? Our Experts can help. Use the coupon code SAVE30 to get your first order at 30% off!

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp