Revenue ​$460,000 beginning inventory of direct​ materials, january​ 1, 2015 ​30,000 purchases of direct materials ​15,800 ending inventory of direct​ materials, december​ 31, 2015 ​16,000 direct manufacturing labor ​26,000 indirect manufacturing costs ​42,000 beginning inventory of finished​ goods, january​ 1, 2015 ​45,000 cost of goods manufactured ​97,800 ending inventory of finished​ goods, december​ 31, 2015 ​41,000 operating costs ​158,000 what is​ expert's operating​ income?

1 answer
Question:

Revenue ​$460,000 beginning inventory of direct​ materials, january​ 1, 2015 ​30,000 purchases of direct materials ​15,800 ending inventory of direct​ materials, december​ 31, 2015 ​16,000 direct manufacturing labor ​26,000 indirect manufacturing costs ​42,000 beginning inventory of finished​ goods, january​ 1, 2015 ​45,000 cost of goods manufactured ​97,800 ending inventory of finished​ goods, december​ 31, 2015 ​41,000 operating costs ​158,000 what is​ expert's operating​ income?

Answers

Answer: Expert's Operating Income = $200,200Explanation: Expert has the following information from the Profit and Loss account:Revenue: $460,000Beginning Inventory of finished goods as on January 1, 2015: $45,000Cost of Goods Manufactured: $97,800Ending Inventory of Finished Goods as on December 31,2015 : $41,000Operating Costs: $158,000Operating Income = Revenue - (Beginning Inventory of Finished Goods + Cost of Goods Manufactured - Ending Inventory of Finished Goods) - Operating CostsBy Input the above variables in the formula,Operating Income = $460,000 - ($45,000 + $97,800 - $41,000) - $158,000Operating Income = $200,200Therefore, the Expert's Operating Income is $200,200

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