FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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