Gonzales Brush Company sells standard hair brushes.The following Information summarizes Gonzales's operating activities for 2018.   Requirements Requirement 1. Calculate the operating income for 2018 Requirements 2. Gonzales sold 6.200 brushes in 2018 Compute the unit cost for one brush

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Gonzales Brush Company sells standard hair brushes.The following Information summarizes Gonzales's operating activities for 2018.

 

Requirements

Requirement 1. Calculate the operating income for 2018

Requirements 2. Gonzales sold 6.200 brushes in 2018 Compute the unit cost for one brush

i Data Table
Selling and Administrative Expenses
52,080
Purchases
74.400
Net Sales Revenue
148,800
Merchandise Inventory, January 1, 2018
7.750
Merchandise Inventory, December 31, 2018
1,798
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Transcribed Image Text:i Data Table Selling and Administrative Expenses 52,080 Purchases 74.400 Net Sales Revenue 148,800 Merchandise Inventory, January 1, 2018 7.750 Merchandise Inventory, December 31, 2018 1,798 Print Done %24
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