ID List Home - Apps Serv. w Weather History &. Certificate Number... Florida Dept. of Rev.. Pilot Portal - Home Adjur Chapter 4 GRADED HOMEWORK ASSIGNMENT A Saved The following is a partial year-end adjusted trial balance Debits 1.42 points Credits $410,000 $ 44,000 Account Title Sales revenue Loss on sale of investments Interest revenue Cost of goods sold General and administrative expense Restructuring costs Selling expense Income tax expense 4,000 (8 043245 215,000 51,000 55,500 30,500 Income tax expense has not yet been recorded. The income tax rate is 25%. a. Determine the operating income (loss). b. Determine the income loss) before income taxes c. Determine the net income (loss). Derences Operating income (los) Income foss) before income taxes Net Income (los) 0 c 269,000 JUM S w Weather History Certificate Number Florida Dept. ofles Plot Portal Home Adjuster Duboard a Anamon Ms Property Search As er 7 Homework Login Minis Logan Products has two production departments assembly and finishing These are supported by two service departments sourcing (purchasing and handling of materials and human resources) and operations (work scheduling, supervision, and inspection Logan has the following labor hours devoted by each of the service departments to the other departments Total Labor Hours Used by Departments Sourcing Operations Assembly 20,000 10,00 Operations The costs incurred in the plant are as follows: Departmental Departments Sourcing Operations Assembly Finishing Total $ 174,000 220,000 416,000 261.000 $1,071.000 Required: Use four decimal places leg.33.3333%) in your calculation of percentages 1. What are the costs allocated to the two production departments using (a) the direct method, by the step method, when the sourcing department that provides the greatest percentage of services to other service departments goes first), and (c) the reciprocal method 2. What are the total costs in the production departments after allocation? (For all requirements, do not round Intermediate calculations. Round your final answer to nearest whole dollar amount) Total Production Total Service Dept. Cost Allocated a Direct Method Assembly Finishing b. Step Method Assembly Finishing Reciprocal Method Assembly Finishing