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 $ $ $ $ $ $ $ $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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