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Divisional Income Statements 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 $560,850     Commercial Division $76,480   Residential Division 285,530     Residential Division 49,460 Administrative expenses:     Sales:     Commercial Division $101,970     Commercial Division $849,780   Residential Division 101,970     Residential Division 509,870 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   $ $         $ $         $ $         $ $

Divisional Income Statements 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 $560,850     Commercial Division $76,480   Residential Division 285,530     Residential Division 49,460 Administrative expenses:     Sales:     Commercial Division $101,970     Commercial Division $849,780   Residential Division 101,970     Residential Division 509,870 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   $ $         $ $         $ $         $ $

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.2E: Divisional income statements The following data were summarized from the accounting records for...
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Divisional Income Statements

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 $560,850     Commercial Division $76,480
  Residential Division 285,530     Residential Division 49,460
Administrative expenses:     Sales:  
  Commercial Division $101,970     Commercial Division $849,780
  Residential Division 101,970     Residential Division 509,870

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
  $ $
     
  $ $
     
  $ $
     
  $ $
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