Department 1 Department 2 Department 3 Total Units Sold Average Selling $5.00 25,000 225,000 62,500 $3.00 $10.00 Price # of Purchase 300 700 600 1,600 Orders # of Deliveries 250 1,500 750 2.500 Hours of Shelf 1,000 5,000 4,000 10,000 Stocking Overhead costs are allocated as follows: Total Cost Allocation Method Ordering Cost $30,000 Number of orders Delivery Cost $125,000 Numbers of deliveries Shelf Stocking Cost $95,000 Hours of shelf stocking Required Prepare an income statement broken out by the three departments (include a total column). There should be six lines to the statement (sales, cost of goods, the three overhead costs and operating costs). Cost of goods sold is 50% of sales. The financial accounting has calculated that the total net income is $462,500. Sales Cost of Goods Sold Ordering Delivery Shelf Stocking Net Income Dept 1 Dept 2 Dept 3 Total