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Divisional Income Statements The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of
Divisional Income Statements
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:
Cost of goods sold: | Support department allocations: | |||||
Commercial Division | $528,950 | Commercial Division | $72,130 | |||
Residential Division | 273,770 | Residential Division | 47,420 | |||
Administrative expenses: | Sales: | |||||
Commercial Division | $96,170 | Commercial Division | $801,440 | |||
Residential Division | 97,780 | Residential Division | 488,880 |
Prepare divisional income statements for Ruiz Industries Inc.
Ruiz Industries Inc. | ||
Divisional Income Statements | ||
For the Year Ended November 30, 20Y8 | ||
Commercial Division | Residential Division | |
$ | $ | |
$ | $ | |
$ | $ | |
$ | $ |
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