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Instructions Slapshot Company makes ice hockey sticks and sold 1,810 sticks during the month of June at a total cost of $380,100. Each stick sold
Instructions Slapshot Company makes ice hockey sticks and sold 1,810 sticks during the month of June at a total cost of $380,100. Each stick sold at a price of $380. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $64,400. Administrative expense totaled $52,800 Required: Prepare an income statement for Slapshot for the month of June and calculate the percentage of sales revenue represented by each line of the income statement
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