Slapshot Company makes ice hockey sticks and sold 1,880 sticks during the month of June at a total cost of $433,000. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expenses of $65,000. Administrative expense totaled $53,800. Must put into a manufacturing firm income statement.

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Asked Aug 19, 2019
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Slapshot Company makes ice hockey sticks and sold 1,880 sticks during the month of June at a total cost of $433,000. Each stick sold at a price of $400. Slapshot also incurred two types of selling costs: commissions equal to 10% of the sales price and other selling expenses of $65,000. Administrative expense totaled $53,800. 

Must put into a manufacturing firm income statement.

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Income statement of Company S Sales Amount in price per Units Particulars sold unit $400 $752,000 $433,000 $319,000 Sales revenue Less: Cost of goods sold Gross margin Less: Selling expense Sales commission (10% of $752,00) Other selling expense Less: Administraive expense 1,880 $75,200 $65,000 $53,800 $125,000 Net income

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