The following data were summarized from the accounting records for Gonzaga Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division 1 Residential Division Administrative expenses: Commercial Division Residential Division $426,630 206,330 $77,570 73,690 Commercial Division Residential Division Commercial Residential Division Division Sales: Commercial Division Residential Division Prepare divisional income statements for Gonzaga Industries Inc. Gonzaga Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Line Item Description $58,180 35,740 $646,410 368,450
The following data were summarized from the accounting records for Gonzaga Industries Inc. for the year ended November 30, 20Y8: Cost of goods sold: Support department allocations: Commercial Division 1 Residential Division Administrative expenses: Commercial Division Residential Division $426,630 206,330 $77,570 73,690 Commercial Division Residential Division Commercial Residential Division Division Sales: Commercial Division Residential Division Prepare divisional income statements for Gonzaga Industries Inc. Gonzaga Industries Inc. Divisional Income Statements For the Year Ended November 30, 20Y8 Line Item Description $58,180 35,740 $646,410 368,450
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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