Jasper Company provided the following information for last year:
Costs Amount
Sales in units 290,000
Selling price $13
Direct materials $150,000
Direct labor $504,000
Manufacturing overhead $110,000
Selling expense $437,000
Administrative expense $860,0
Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Required: 1. 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 290,000 Selling price $13 Direct materials $150,000 Direct labor $504,000 Manufacturing overhead $110,000 Selling expense $437,000 Administrative expense