A manufacturing corporation asked you to prepare its income statement in its first fiscal year from these data . How much its net income ?

1) Ending finished goods inventory is one thousand units . Total cost per unit is fifteen dollar and selling price per unit is twenty two dollars .

2) Total units produced during the period is one thousand units .

3) administrative expenses is four hundred dollars for the period .

4) Selling expenses is two hundred dollars .

- Hence its net income is :

A) Net profit six thousand and four hundred dollars .

B) Net profit Six thousand and and six hundred dollars .

C) Net losses six hundred dollars .

D) No income statement for this period required .