Selected data from Design Corporation for 2016 is as follows: Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in process Finished goods Other information: Plant janitorial services Administrative expenses Raw materials purchased Depreciation- Plant Building & Equipment Insurance on plant Depreciation expense on delivery truck Direct manufacturing wages $8,000 $121,230 $41,000 $32,500 $11,500 $18,250 $144,000 $575,000 $28,000 $23.700 Sales revenue Plant Utilities Sales commissions Net pròfit is: O a. $175,820 O b. $178,070 Oc $167,820 2d. $159,820
Selected data from Design Corporation for 2016 is as follows: Inventories Beginning $34,000 135,000 110,000 Ending $40,000 150,000 102,000 Raw Materials Work in process Finished goods Other information: Plant janitorial services Administrative expenses Raw materials purchased Depreciation- Plant Building & Equipment Insurance on plant Depreciation expense on delivery truck Direct manufacturing wages $8,000 $121,230 $41,000 $32,500 $11,500 $18,250 $144,000 $575,000 $28,000 $23.700 Sales revenue Plant Utilities Sales commissions Net pròfit is: O a. $175,820 O b. $178,070 Oc $167,820 2d. $159,820
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Selected data from Design Corporation for 2016 is as follows:
Inventories
Beginning
$34,000
135,000
110,000
Ending
$40,000
150,000
102,000
Raw Materials
Work in process
Finished goods
Other information:
Plant janitorial services
Administrative expenses
Raw materials purchased
Depreciation– Plant Building & Equipment
Insurance on plant
Depreciation expense on delivery truck
Direct manufacturing wages
Sales revenue
$8,000
$121,230
$41,000
$32,500
$11,500
$18,250
$144,000
$575,000
$28,000
$23.700
Plant Utilities
Sales commissions
Net pròfit is:
O a. $175,820
O b. $178,070
$167,820
O d. $159,820](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fab89f2fd-2d90-4d55-9e01-3ab3450cbdbc%2F302c7988-5009-4480-ab1c-4c9b8251f079%2Fg7g16o5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Selected data from Design Corporation for 2016 is as follows:
Inventories
Beginning
$34,000
135,000
110,000
Ending
$40,000
150,000
102,000
Raw Materials
Work in process
Finished goods
Other information:
Plant janitorial services
Administrative expenses
Raw materials purchased
Depreciation– Plant Building & Equipment
Insurance on plant
Depreciation expense on delivery truck
Direct manufacturing wages
Sales revenue
$8,000
$121,230
$41,000
$32,500
$11,500
$18,250
$144,000
$575,000
$28,000
$23.700
Plant Utilities
Sales commissions
Net pròfit is:
O a. $175,820
O b. $178,070
$167,820
O d. $159,820
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