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 $368,440 Commercial Division $50,240 Residential Division 184,440 Residential Division 31,950 Administrative expenses: Sales: Commercial Division $66,990 Commercial Division $558,240 Residential Division 65,870 Residential Division 329,360 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 $368,440 Commercial Division $50,240 Residential Division 184,440 Residential Division 31,950 Administrative expenses: Sales: Commercial Division $66,990 Commercial Division $558,240 Residential Division 65,870 Residential Division 329,360 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 | $368,440 | Commercial Division | $50,240 | |||
| Residential Division | 184,440 | Residential Division | 31,950 | |||
| Administrative expenses: | Sales: | |||||
| Commercial Division | $66,990 | Commercial Division | $558,240 | |||
| Residential Division | 65,870 | Residential Division | 329,360 |
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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