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H3Ko H3Ko
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7 years ago
Mason Cabinet Company sells standard kitchen cabinets.  The following information summarizes Mason's operating activities for the year:

Selling and Administrative Expenses   $42,750
Purchases             85,700
Sales Revenue           154,500
Merchandise Inventory, January 1             12,500
Merchandise Inventory, December 31            16,200

Mason sold 950 cabinets during the year.
Calculate the operating income for the year.
Compute the unit cost for one cabinet (Round to two decimal places.)
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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