Using the information below, calculate net income for the period: Sales revenues for the period$1,304,000 Operating expenses for the period 239,000 Finished Goods Inventory, January 1 36,000 Finished Goods Inventory, December 31 41,000 Cost of goods manufactured for the period 540,000
A. $530,000.
B. $774,000.
C. $448,000.
D. $769,000.
E. $535,000.
Answer: A
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