Determine what is the operating income

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Reference no: EM132547961

Materials prices decreased unexpectedly due to industry oversupply.

Budgeted purchase prices were set without careful analysis of the market.

The materials purchasing officer negotiated more skillfully than was planned in the budget.

Beginning finished good, 1/1/2018 $88,000

Ending finished goods, 12/31/2018 72,000

Cost of goods sold 301,000

Sales revenue 456,000

Operating expenses 104,000

Question 1: What is the operating income for 2018?

Group of answer choices

Option 1: $67,000

Option 2: $51,000

Option 3: $35,000

Option 4: $83,000

Reference no: EM132547961

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