O Data Table Selling and Administrative Expenses $ 44,550 Purchases 70,200 Net Sales Revenue 135,000 Merchandise Inventory, January 1, 2018 9,450 Merchandise Inventory, December 31, 2018 8,100 Print...

Oliver Brush Company sells standard hair brushes. The following information summarizes Oliver's operating activities for 2018:

Requirements

1. Calculate the operating income for 2018

2. Oliver sold 5,400 brushes in 2018. Compute the unit cost for one brush.

Extracted text: O Data Table Selling and Administrative Expenses $ 44,550 Purchases 70,200 Net Sales Revenue 135,000 Merchandise Inventory, January 1, 2018 9,450 Merchandise Inventory, December 31, 2018 8,100 Print Done