The records of Bentler Shoppers, Inc. for December 2018 shows the following information: Sales $2,050,000
Selling and administrative expenses 250,000
Direct materials purchases 205,000
Direct labor 298,000
Factory overhead 350,000
Direct materials, December 1 50,000
Work-in-process, December 1 85,000
Finished goods, December 1 64,000
Direct materials, December 31 41,000
Work-in-process, December 31 72,000
Finished goods, December 31 55,000
The net income for the month of December is:.

The net income for the month of December is: $916,000.

Explanation:

First Prepare a Manufacturing Schedule as follows :

Note : this gives us cost of goods manufactured

                                                                                         $

Direct Materials ( 50,000 + 205,000 - 41,000)       214,000

Direct labor                                                               298,000

Factory overhead                                                     350,000

Add Opening Work-in-process Inventory                 85,000

Less Closing Work-in-process Inventory                (72,000)

Cost of goods manufactured                                   875,000

Then Prepare a Finished Goods Account as follows :

Note : This gives us the cost of goods sold

Finished Goods T - Account

                                                                                               $

Debit :

Opening Balance                                                               64,000

Transfer from Manufacturing Account                           875,000

Totals                                                                                939,000

Credit:

Ending Balance                                                                 55,000

Transferred to Trading Account (Balancing figure)      884,000

Totals                                                                               939,000

Lastly, Prepare the Income Statement for the Year Ended December 2018.

Note : This gives us the required Net Income

Income Statement for the Year Ended December 2018

Sales                                                                         $2,050,000

Less Cost of Goods Sold                                          ($884,000)

Gross Profit                                                                $1,166,000

Less Expenses :

Selling and administrative expenses                       ($250,000)

Net Income/ (Loss)                                                      $916,000

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

b is the correct answer