“Root Brush Company sells standard hair brushes. The following information summarizes Root​’s operating activities for 2016​:Selling and Administrative Expenses $44,880Purchases 62,700Sales Revenue 132,000Merchandise Inventory, January 1, 2016 9,900Merchandise Inventory, December 31, 2016 5,280”,”Requirement 1. Calculate the operating income for 2016.Root Brush CompanyIncome StatementYear Ended December 31, 2016 Revenue: Sales Revenue $132,000Cost of Goods Sold: Beginning Merchandise Inventory $9,900 Purchases 62,700 Cost of Goods Available for Sale 72,600 Ending Merchandise Inventory(5,280)Cost of Goods Sold 67,320Gross Profit 64,680Selling and Administrative Expenses 44,880Operating Income $19,800Requirement 2. Root sold 6

“Root Brush Company sells standard hair brushes. The following information summarizes Root​’s operating activities for 2016​:Selling and Administrative Expenses $44,880Purchases 62,700Sales Revenue 132,000Merchandise Inventory, January 1, 2016 9,900Merchandise Inventory, December 31, 2016 5,280”,”Requirement 1. Calculate the operating income for 2016.Root Brush CompanyIncome StatementYear Ended December 31, 2016 Revenue: Sales Revenue $132,000Cost of Goods Sold: Beginning Merchandise Inventory $9,900 Purchases 62,700 Cost of Goods Available for Sale 72,600 Ending Merchandise Inventory(5,280)Cost of Goods Sold 67,320Gross Profit 64,680Selling and Administrative Expenses 44,880Operating Income $19,800Requirement 2. Root sold 6

600 brushes in 2016. Compute the unit cost for one brush. ​(Round your answer to the nearest​ cent.)$10.20″