Jasper Company provided the following information for last year: Costs Amount Sales in units 285,000 Selling price $17 Direct materials $143,000 Direct labor $503,000 Manufacturing overhead $110,000 Selling expense $439,000 Administrative expense $860,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Required:
1. Calculate the sales revenue for last year.
2. Prepare an income statement for Jasper for last year.
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Home » Business » Jasper Company provided the following information for last year: Costs Amount Sales in units 285,000 Selling price $17 Direct materials $143,000 Direct labor $503,000 Manufacturing overhead $110,000 Selling expense $439,000 Administrative expense