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The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8: Cost of goods sold:
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8:
Cost of goods sold: | |
Commercial Division | $916,250 |
Residential Division | 450,675 |
Administrative expenses: | |
Commercial Division | $149,200 |
Residential Division | 128,800 |
Service department charges: | |
Commercial Division | $112,740 |
Residential Division | 68,850 |
Sales: | |
Commercial Division | $1,360,500 |
Residential Division | 749,500 |
Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Amount Descriptions | |
Administrative expenses | |
Cost of goods sold | |
Gross profit | |
Income from operations | |
Income from operations before service department charges | |
Sales | |
Selling expenses | |
Service department charges | |
Transportation expenses |
X
Divisional Income Statements
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