Hendrix & Franks Company Had the Following Beginning and Ending

Multiple Choice

Hendrix & Franks Company had the following beginning and ending inventory balances for the current year ended December 31:
In addition, direct labor costs of $33,000 were incurred, manufacturing overhead equaled $46,200, materials purchased were $29,700, and selling and administrative costs were $24,200.Hendrix & Franks Co.sold 27,500 units of product during the year at a sales price of $5.25 per unit.
- What was the operating income (loss) for the year?

A) $18,500
B) $125,000
C) $3,025
D) $2,000