Awesome Appliances operates two departments whitegoods and electronics. During the year ended 30 June 2020, the

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Awesome Appliances operates two departments — whitegoods and electronics. During the year ended 30 June 2020, the store had the following financial results.

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In addition, indirect expenses that were not allocated to the departments amounted to $35 890.
Required

(a) Prepare a departmental income statement for the year ended 30 June 2020, based on the departmental gross profit approach. (Use three columns headed whitegoods, electronics, and total store.)

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Accounting

ISBN: 9780730363224

10th Edition

Authors: John Hoggett, John Medlin, Keryn Chalmers, Beattie Claire, Hellmann Andreas, Maxfield Jodie

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