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Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The
Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The following information is available regarding its May inventories.
tabletableBeginningRaw materials inventorytableEndingInventoryWork in process inventoryCutting,$$
Assume that the company expects sales of each product to decline to units next year with no change in unit selling price. Prepare a contribution margin income statement for the next year as shown above with columns for each of the two products
Note: Round "per unit" answers to decimal places.
tableHENNA COMPANYContribution Margin Income StatementUnits,Carvings,Mementos,Total$ Per unit,Total,$ Per unit,TotalContribution marginIncome loss
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