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Accounting

Answer the following problems using the information below:

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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9102198

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