Gross Profit Section of Departmental Income Statement

Nicole Lawrence and Josh Doyle are partners in a business that sells cheerleading uniforms. They have organized the business, called L and D Uniforms, on a departmental basis as follows: letters, sweaters, and skirts. At the end of the first year of operation, the sales and cost of goods sold for the three departments are as follows:

	Letters	Sweaters	Skirts
Sales	$3,000	$12,000	$8,000
Cost of goods sold	1,400	5,900	4,750

Prepare the gross profit section of a departmental income statement for the year ended December 31, 20--. Show the gross profit for each department and for the business in total.

L and D Uniforms
Departmental Income Statement (Partial)
For Year Ended December 31, 20--
	Letters Department	Sweaters Department	Skirts Department	Total
Sales	$3,000	$12,000	$8,000	$
Cost of goods sold
Gross profit	$	$	$	$