Information from the Records of Island Timberlands Inc

Multiple Choice

Information from the records of Island Timberlands Inc. for November is as follows: Sales $820,000
Selling and administrative expenses 140,000
Direct materials purchases 176,000
Direct labour 200,000
Manufacturing overhead 270,000
Direct materials, November 1 24,000
Work-in-process, November 1 50,000
Finished goods, November 1 46,000
Direct materials, November 30 28,000
Work-in-process, November 30 56,000
Finished goods, November 30 38,000
What is the net income for the month of November?

A) $36,000
B) $180,000
C) $636,000
D) $644,000