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H3Ko H3Ko
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Crystal, Inc. is a merchandiser of stone ornaments. The company sold 8,000 units during the year. The company has provided the following information:

Sales Revenue   $593,000
Purchases (excluding Freight In)   304,000
Selling and Administrative Expenses   68,000
Freight In   14,000
Beginning Merchandise Inventory   46,000
Ending Merchandise Inventory   42,000

What is the operating income for the year? (Round your answer to the nearest whole dollar.)
A) $525,000
B) $322,000
C) $203,000
D) $271,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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7 years ago
I just realized you had posted this! Thanks so much
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