Calculate the operating income for August using absorption costing.
Morwenna, Inc. reports the following information for August:
A) $430,000
B) $240,000
C) $995,000
D) $370,000
A) $430,000
Sales Revenue $800,000
- Cost of Goods Sold ($110,000 + $65,000) 175,000
Gross Profit 625,000
- Selling and Administrative Costs ($130,000 + $65,000) 195,000
Operating Income $430,000
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