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

Question 278

Multiple Choice

Answer the following questions using the information below:
 Beginning finished goods, 1/1/2018$80000 Ending firished goods, 12/31/201867000 Cost of goods sold 270000 Sales revenue 500000 Operating expenses 145000\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

Correct Answer:

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