Chapter 18, Problem P18.39BPGB

To determine

Income Statement: A part of financial statements that lists the income and expenses of business for an accounting year is called income statement. It is prepared at the end of accounting period to know the profitability of a business.

1.

To prepare: The income statement for Company G.

To determine

2.

To compute: The G Company’s unit cost of merchandise sold.

To determine

3.

Whether the manager of G Company has met his goal.