Glee Mason Company is manufacturing computers and has the following cost of inventory data: Direct...
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Glee Mason Company is manufacturing computers and has the following cost of inventory data: Direct Labour $37,100 Purchase of raw materials $65,190 Factory Management monthly Salary $15,900 Monthly Maintenance cost $6,360 for factory (50%) and Office (50%) Advertising expense $47,700 Factory insurance $477 Sales person, salaries $ 26,500 Rent for factory machinery $12,190 Factory supplies $2,438 Depreciation, office equipment $1,855 Depreciation factory equipment $11,130 Beg, Raw material $4,240 Ending Raw material $8,745 Beg, Work-in-Process $5,300 Ending, Work-in-Process $2,730 Beg, Finished Goods $12,323 Ending finished Goods $20,193 Sales Revenue $1,325,000 Please calculate what is the Net Income
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