Manufacturing Firm Income Statement

Slapshot Company makes ice hockey sticks and sold 1,880 sticks during the month of June at a total cost of $433,000. 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 $65,000. Administrative expense totaled $53,800.

1. Prepare an income statement for Slapshot for the month of June

Sales revenue:

Cost of goods sold:

Gross margin:

Sellong expense:

Commisions:

Fixed selling expense:

Administrative expense:

Operating income: