Sloane Products Has No Work in Process or Finished GoodsPretax Income for the Current Year Is: A)$484,000 B)$530,000 C)$576,000

The Answer of Sloane Products Has No Work in Process or Finished GoodsPretax Income for the Current Year Is: A)$484,000 B)$530,000 C)$576,000

Sloane Products Has No Work in Process or Finished GoodsPretax Income for the Current Year Is: A)$484,000 B)$530,000 C)$576,000

The Answer of Sloane Products Has No Work in Process or Finished GoodsPretax Income for the Current Year Is: A)$484,000 B)$530,000 C)$576,000

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Sloane Products Has No Work in Process or Finished Goods

Question 159

Multiple Choice

Sloane Products has no Work in Process or Finished Goods inventories at the close of business on December 31 of the current year.The balances of Sloane Products' accounts as of December 31 are as follows:
$\begin{array}{ll}\text { Cost of goods sold-unadjusted } & \$ 2,040,000 \\\text { Selling \& administrative expenses } & 950,000 \\\text { Sales } & 4,000,000 \\\text { Manufacturing overhead control } &800,000 \\\text { Manufacturing overhead applied } & 754,000\end{array}$

Pretax income for the current year is:

A) $484,000
B) $530,000
C) $576,000
D) $680,000

Sloane Products Has No Work in Process or Finished Goods

Multiple Choice

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