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 $3,400,000 Commercial Division $800,000 Residential Division 1,800,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $750,000 Commercial Division $6,120,000 Residential Division 375,000 Residential Division 2,850,000 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 $fill in the blank 2 $fill in the blank 3 fill in the blank 5 fill in the blank 6 $fill in the blank 8 $fill in the blank 9 fill in the blank 11 fill in the blank 12 $fill in the blank 14 $fill in the blank 15 fill in the blank 17 fill in the blank 18 $fill in the blank 20 $fill in the blank 21
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 $3,400,000 Commercial Division $800,000 Residential Division 1,800,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $750,000 Commercial Division $6,120,000 Residential Division 375,000 Residential Division 2,850,000 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 $fill in the blank 2 $fill in the blank 3 fill in the blank 5 fill in the blank 6 $fill in the blank 8 $fill in the blank 9 fill in the blank 11 fill in the blank 12 $fill in the blank 14 $fill in the blank 15 fill in the blank 17 fill in the blank 18 $fill in the blank 20 $fill in the blank 21
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 $3,400,000 Commercial Division $800,000 Residential Division 1,800,000 Residential Division 200,000 Administrative expenses: Sales: Commercial Division $750,000 Commercial Division $6,120,000 Residential Division 375,000 Residential Division 2,850,000 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 $fill in the blank 2 $fill in the blank 3 fill in the blank 5 fill in the blank 6 $fill in the blank 8 $fill in the blank 9 fill in the blank 11 fill in the blank 12 $fill in the blank 14 $fill in the blank 15 fill in the blank 17 fill in the blank 18 $fill in the blank 20 $fill in the blank 21
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