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The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support
The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:
| Cost of goods sold: | Support department allocations: | |||||
| Commercial Division | $409,620 | Commercial Division | $55,860 | |||
| Residential Division | 198,110 | Residential Division | 34,310 | |||
| Administrative expenses: | Sales: | |||||
| Commercial Division | $74,480 | Commercial Division | $620,630 | |||
| Residential Division | 70,750 | Residential Division | 353,760 | |||
Prepare divisional income statements for Ruiz Industries Inc.
| Ruiz Industries Inc. | ||
| Divisional Income Statements | ||
| For the Year Ended November 30, 20Y8 | ||
| Commercial Division | Residential Division | |
| Sales | $ | $ |
| Cost of goods sold | ||
| Gross profit | $ | $ |
| Administrative expenses | ||
| Operating income before support department allocations | $ | $ |
| Support department allocations | ||
| Operating income | ||
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