Chant Corporation Recently Computed Total Product Costs of $647,000 and Total

Multiple Choice

Chant Corporation recently computed total product costs of $647,000 and total period costs of $549,000. On the basis of this information, Chant's income statement should reveal operating expenses of:

A) $98,000.
B) $488,000.
C) $549,000.
D) $647,000.
E) $1,196,000.