Samantha Trading Co. is a merchandiser of ceramic gifts. The company sold 8,500 units during the year. The company has provided the following information: Sales Revenue $628,000 Purchases (excluding Freight In) 312,000 Selling and Administrative Expenses 52,000 Freight In 16,000 Beginning Merchandise Inventory 36,000 Ending Merchandise Inventory 29,000 What is the operating income for the year? (Round the answer to the nearest whole dollar.)

Samantha Trading Co. is a merchandiser of ceramic gifts. The company sold 8,500 units during the year. The company has provided the following information: Sales Revenue $628,000 Purchases (excluding Freight In) 312,000 Selling and Administrative Expenses 52,000 Freight In 16,000 Beginning Merchandise Inventory 36,000 Ending Merchandise Inventory 29,000 What is the operating income for the year? (Round the answer to the nearest whole dollar.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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