Question
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2016: Cost of goods sold:
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 2016: Cost of goods sold: Commercial Division $915,750 Residential Division 440,550 Administrative expenses: Commercial Division $151,400 Residential Division 129,225 Service department charges: Commercial Division $113,100 Residential Division 68,730 Sales: Commercial Division $1,365,000 Residential Division 744,460 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.
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