v2.cengagenow.com Reeder-OL (Jan to Mayl: Link to Cengage CengageNowv2 I Onine t

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v2.cengagenow.com Reeder-OL (Jan to Mayl: Link to Cengage CengageNowv2 I Onine teaching and learning resource from Cengage L..+ Divisional Income Statements The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20YB: Cost of goods sold: Service department charges: Commercial Division Residential Division Administrative expenses: Commercial Division Residential Division $912,250 Commercial Division $112,560 423,675 Residential Division 67,830 Net sales: $149,800 128,625 Prepare divisional income statements for Jersey Coast Construction Company Commercial Divisiorn $1,354,500 743,780 Residential Division

Explanation / Answer

Divisional income statements Commercial Division Residential Division Net sales 1354500 743780 Cost of goods sold 912250 423675 Gross profit 442250 320105 Administrative expenses 149800 128625 Income from operations before service department charges 292450 191480 Service department charges 112560 67830 Income from operations 179890 123650

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