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Yore Corporation has provided the following data for the month of June. The beginning balance in the finished goods inventory account was $35,000 and the ending balance was $26,000. Sales totaled $220,000. Cost of goods manufactured was $99,000, selling expense was $15,000, and administrative expense was $46,000.

The net operating income for June was:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9442176

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