Managerial Accounting: E16-18 Snyder Brush Company sells standard hair brushes

Managerial Accounting
E16-18
Snyder Brush Company sells standard hair brushes. The following information summarizes Snyder’s operating activities for 2014:
Selling and Administrative Expenses 49,680
Purchases 78,000
Sales Revenue 138,000
Merchandise Inventory, January 1, 2014 7,500
Merchandise Inventory, December 31, 2014 12,360

Requirements:
1. Calculate the operating income for 2014.
2. Snyder sold 6,000 brushes in 2014. Compute the unit cost for one brush.
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