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Just the second part, uncluding percent of sales! Metlock Corporation had sales of $3,570,000 for the year ended December 31, 2022. The unit selling price
Just the second part, uncluding percent of sales!
Metlock Corporation had sales of $3,570,000 for the year ended December 31, 2022. The unit selling price was $17. In making the sales, the company incurred the following costs and expenses. Variable $708,000 Cost of goods sold Fixed $785,000 63,000 Selling expenses 128,000 Administrative expenses 235,000 80,000 Prepare a GAAP income statement METLOCK CORPORATION GAAP Income Statement For the Year Ended December 31, 2022 Sales 3570000 Cost of Goods Sold 1493000 Gross Pront 2077000 Operating Expenses Selling Expenses $ 191000 Administrative Expenses 315000 METLOCK CORPORATION CVP Income Statement Total Per Unit > > $ > Step by Step Solution
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