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Manufacturing Firm Income Statement Instructions Instructions Labels and Amount Descriptions Income Statement Slapshot Company makes ice hockey sticks and sold 1,820 sticks during the month
Manufacturing Firm Income Statement Instructions Instructions Labels and Amount Descriptions Income Statement Slapshot Company makes ice hockey sticks and sold 1,820 sticks during the month of June at a total cost of $436.800. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expense of $64,200. Administrative expense totaled $52.200. Required: Prepare an income statement for Slapshot for the month of June Previous Next > Lilders and Amount Descriptions Income Statement Instructions Labels and Amount Descriptions S Refer to the list below for the exact wording of labels or amount descriptions on the income statement. typ Labels Add For the Month of June June 30 Less Selling expenses Amount Descriptions Administrative expenses Commissions Cost of goods manufactured Cost of goods sold Fixed selling expenses Gross margin Operating income x at a price of $400. Slapshot also incurred two d $52,200 Income Statement Prepare an income statement for Slapshot for the month of June. Refer to the list of Labels and Amount Descriptions for the exact wording of text entries on the income statement Be sure to complete the statement heading. 2 (Label) 5 (Label) Check My Work Slapshot Company Income Statement (Label) All work saved Save and Ext Previous Next>> Submit Assignment for Grading
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