Answer the following questions using the information below:
$\begin{array}{lr}
\text { Beginning finished goods, } 1 / 1 / 2018 & \$ 80000 \
\text { Ending firished goods, } 12 / 31 / 2018 & 67000 \
\text { Cost of goods sold } & 270000 \
\text { Sales revenue } & 500000 \
\text { Operating expenses } & 145000
\end{array}$
-What is operating profit for 2018?
A)$85 000
B)$62 000
C)$230 000
D)$112 000

Question

Answer the following questions using the information below:
 $\begin{array}{lr}
\text { Beginning finished goods, } 1 / 1 / 2018 & \$ 80000 \
\text { Ending firished goods, } 12 / 31 / 2018 & 67000 \
\text { Cost of goods sold } & 270000 \
\text { Sales revenue } & 500000 \
\text { Operating expenses } & 145000
\end{array}$
-What is operating profit for 2018?
A)$85 000
B)$62 000
C)$230 000
D)$112 000

Quizplus · Accepted Answer

Operating profit = Sales revenue - Cost of goods sold - Operating expenses= 500000 - 270000 - 145000= 85000

Answer the Following Questions Using the Information Below -What Is Operating Profit for 2018? A)$85 000 B)$62 000

Answer the Following Questions Using the Information Below -What Is Operating Profit for 2018?
A)$85 000
B)$62 000