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   $ $         $ $         $ $         $ $

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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