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Jasper Company provided the following information for last year: Sales in units 280,000 Selling price $ 12 Direct materials 180,000 Direct labor 505,000 Manufacturing overhead
Jasper Company provided the following information for last year:
Sales in units 280,000
Selling price $ 12
Direct materials 180,000
Direct labor 505,000
Manufacturing overhead 110,000
Selling expense 437,000
Administrative expense 854,000
Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Required:
a. Calculate the cost of goods sold for last year.
b. Calculate the sales revenue for last year.
c. Make an income statement for Jasper for last year.
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