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Homework answers / question archive / Jones Brush Company sells standard hair brushes The following information summanzes Jones's operating activities for 2024 rig(Click the Icon to view the information )  Requirements 1_ Calculate the operating income for 2024 2

Jones Brush Company sells standard hair brushes The following information summanzes Jones's operating activities for 2024 rig(Click the Icon to view the information )  Requirements 1_ Calculate the operating income for 2024 2

Accounting

Jones Brush Company sells standard hair brushes The following information summanzes Jones's operating activities for 2024 rig(Click the Icon to view the information ) 
Requirements 1_ Calculate the operating income for 2024 2. Jones sold 6,500 brushes in 2024. Compute the unit cost for one brush. 
Requirement 1_ Calculate the operating income for 2024 
Jones Brush Company Income Statement Year Ended December 31, 2024 
Revenue 
Cost of Goods Sold 

Cost of Goods Sold Gross Profit 
Operating Income 
I  
0 Data Table 
Selling and Administrative Expenses S 30.780 Purchases 04,500 Net Sales Revenue 117.000 Merchandise Inventory, January 1, 2024 8.125 Merchandise Inventory, December 31, 2024 29,445 

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Requirement 1    
     
Jones Brush Company
Income Statement
Year Ended December 31, 2024
     
Revenue    
Sales revenue   117000
Cost of Goods Sold    
      Merchandise Inventory, January 1, 2024 8125  
        Purchases 84500  
         Goods available for sale 92625  
      Merchandise Inventory, December 31, 2024 20445  
        Cost of goods sold   72180
Gross Profit   44820
Selling and administrative expenses   39780
Operating Income   5040
     
Requirement 2    
     
        Cost of goods sold 72180  
         Units sold 6,500  
 Cost per unit                11.10