Kizspy | Question: 6
(Choose 1 answer)
The CFO of Stoffer Corporation has provided the following data for October. The beginning balance in the raw materials inventory account was USD39,000. During the month, the company made raw materials purchases amounting to USD68,000. At the end of the month, the balance in the raw materials inventory account was USD28,000. Direct labor cost was USD29,000 and manufacturing overhead was USD78,000. The beginning balance in the work in process account was USD11,000 and the ending balance was USD13,000. The beginning balance in the finished goods account was USD37,000 and the ending balance was USD47,000.Sales totaled USD240,000. Selling expense was USD21,000 and administrative expense was USD27,000. The net operating income for October was:
A. USD85,000
B. USD18,000
C. USD17,000
D. USD66,000
