ACCOUNTING
Multiple Choice
The following information pertains to Harding Company:
Beginning finished goods, 1/1/20x3 $ 80,000
Ending finished goods, 12/31/20x3 67,000
Cost of goods sold 270,000
Sales revenue 500,000
Operating expenses 145,000
What is operating income for 20x3?
a. $85,000
b. $112,000
c. $62,000
d. $230,000
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