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ebook D1 Show Me How Printem Gates Sporting Goods cooperates two divisions-the Wintersports on and the Summer Sports vision. The following income and expense accounts

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ebook D1 Show Me How Printem Gates Sporting Goods cooperates two divisions-the Wintersports on and the Summer Sports vision. The following income and expense accounts were provided from the trial balance as of December 31, 207, the end of the fiscal year after all adjustments, Induding those for inventories, were recorded and posted Sales-Winter Sports Division $23,625,000 Sales-Summer Sports Division 26.100,000 Cost of Goods Sold - Winter Sports Division 14,175.000 Cost of Goods Sold-Summer Sports Division 15,075,000 Sales Expense-Winter Sports Division 4,050,000 Sales Expense-Summer Sports Division 3,600,000 Administrative Expense-Winter Sports Division 2,162.500 Administrative Expense-Summer Sports Division 2,317,500 Advertising Expenso 890,000 Transportation Expense 473,500 Accounts Receivable Collection Expense 227,200 Warehouse Expense 2,250,000 The bases to be used in allocating expenses, together with other essential information are as follows: Advertising expertise incurred at headquarters, allocated to divisions on the basis of usage: Winter Sports Division, 8418,000; Summer Sports Division, $472,000. b. Transportation expense-allocated to divisions at an allocation rate of $16 per bill of lading: Winter Sports Division, 14,100 bill of lading Sunwner Sports Division, 15,500 bill of lading c. Accounts receivable collection expense-incurred at headquartets, allocated to divisions at an allocation rate of $8 per invoice: Winter Sports Division, 13,100 sales involces: Summer Sports Division, 15,300 sales involces. d. Warehouse expense-allocated to divisions on the basis of floor space used in storing division products: Winter Sports Division, 130,000 square feet: Summer Sports Division, 170,000 square feet Prepare a divisional income statement with two column headings: Winter Sports Division and Summer Sports Division. Do not round your interim calculations Glades Sporting Goods Co. Divisional Income Statements For the Year Ended December 31, 20YB Winter Sports Summer Sports Division Division Sales Cost of goods sold Gross profit Divisional selling and administrative expenses Divisional selling expenses Divisional administrative expenses Total divisional selling and administrative expenses DOO 1000 01100 Hong cold curood Income from operations before service department locations Les service department cost allocations Advertising expense Transportation expense Accounts receivable collection expense Warehouse expense Total Income from operations Provide supporting schedules for determining service department cost allocations. It required, round per unit amounts to two decimal places and final answers to the nearest dollar. Glades Sporting Goods Co. Service Department Charges For the Year Ended December 31, 2018 Winter Sports Summer Sports Division Division Total Advertising expense Transportation rate per bill of lading Number of bills of lading Transportation expense Accounts receivable collection rate Number of sales invoices Accounts receivable collection expense Warehouse rate per sq. ft. Number of square feet Warehouse expense

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