Help pleaseFlow of Costs

and Income Statement

Ginocera uses job order costing to accumulate costs associated with the Kitchen Ninja Knife. The unit direct materials cost for the knife is:

Hardened steel blanks $(used$ for knife shaft and blade$)$ $$4\mathrm{.}00$

Wood $(for$ handle$)1\mathrm{.}50$

Packaging $0\mathrm{.}50$

Total completed production was $1,200,000$ units during the year. Other information is as follows:

Number of customers $($stores$),60,000$

Number of knives sold $,1,120,000$

Wholesale price $($to store$)$ per knife $$16$

In your computations, if required, round interim per unit costs to two decimal places.

Required:

Prepare an annual income statement for the Kitchen Ninja knife series.

Selling and administrative expenses:

Selling expenses:

Administrative expenses:

Total selling and administrative expenses

Operating income $$