The following data is available for Quarry Company: Sales $200,000 Finished goods $ 12,000 Cost of g

The following data is available for Quarry Company:
Sales $200,000 Finished goods $ 12,000 Cost of goods manufactured $ 80,000 Operating expenses $ 50,000 Cost of goods sold $ 70,000

Based on the above data, Quarry’s net income is: a.

$58,000 b.

$70,000 c.

$80,000 d.

$68,000 e.

none of these

 

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