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Jasper Company provided the following information for last year: Costs Amount Sales in units 290,000 Selling price $13 Direct materials $150,000 Direct labor $504,000 Manufacturing

Jasper Company provided the following information for last year:

Costs

Amount

Sales in units 290,000
Selling price $13
Direct materials $150,000
Direct labor $504,000
Manufacturing overhead $110,000
Selling expense $437,000
Administrative expense $860,000

Last year, beginning and ending inventories of work in process and finished goods equaled zero.

Required:
1. Calculate the sales revenue for last year.
2. Prepare an income statement for Jasper for last year.

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