Business, 17.06.2020 06:57 chrisk5429

Oliver Brush Company sells standard hair brushes. The following information summarizes Oliverâ€‹'s operating activities for 2018â€‹: Selling and Administrative Expenses $52,704
Purchases 73,200
Net Sales Revenue 146,400
Merchandise Inventory, January 1, 2018 10,980
Merchandise Inventory, December 31, 2018 8,052

Requirements:
a. Calculate the operating income for 2018.
b. Oliver sold 6 comma 400 brushes in 2018. Compute the unit cost for one brush.

Answers: 2

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Oliver Brush Company sells standard hair brushes. The following information summarizes Oliverâ€‹'s o...

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