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The following information is available for Barnes Company for the fiscal year ended December 31:...

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Accounting

The following information is available for Barnes Company for the fiscal year ended December 31:

Beginning finished goods inventory in units 0
Units produced 6,000
Units sold 4,600
Sales $ 920,000
Materials cost $ 120,000
Variable conversion cost used $ 60,000
Fixed manufacturing cost $ 270,000
Indirect operating costs (fixed) $ 92,000

The absorption costing operating income is:

Multiple Choice

  • $463,000

  • $483,000

  • $471,000

  • $455,000

Answer & Explanation Solved by verified expert
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