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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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