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27. Stapshot Company makes ice hockey sticks and sold 1,860 sticks during the month of June at a total cost of $409, 200. Each stick
27.
Stapshot Company makes ice hockey sticks and sold 1,860 sticks during the month of June at a total cost of $409, 200. Each stick sold at a price of $380. 5 lapshot also incurred two types of seling costs: commissions equal to 10% of the sales price and other selling expense of $64,600. Administrative expense totaled $53,500. Bequired: Prepare an income statement for Siupshot for the month of June Step by Step Solution
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