Using the information below, calculate the net income for the period: Beginning Raw Materials Inventory Ending Raw Materials Inventory $25,000 30,000 Beginning Work in Process Inventory 55,000 Ending Work in Process Inventory 64,000 Beginning Finished Goods Inventory 80,000 Ending Finished Goods Inventory 67,000 Cost of Goods Sold for the period Sales revenues for the period Operating expenses for the period a. $714,000 540,000 1,254,000 232,000 b. $482,000 c. $1,022,000 d. $187,000 e. $727,000

Using the information below, calculate the net income for the period: Beginning Raw Materials Inventory Ending Raw Materials Inventory $25,000 30,000 Beginning Work in Process Inventory 55,000 Ending Work in Process Inventory 64,000 Beginning Finished Goods Inventory 80,000 Ending Finished Goods Inventory 67,000 Cost of Goods Sold for the period Sales revenues for the period Operating expenses for the period a. $714,000 540,000 1,254,000 232,000 b. $482,000 c. $1,022,000 d. $187,000 e. $727,000