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  3. the following data were summarized from the accoun

The following data were summarized from the accounting records for Ruiz Industries Inc for the...

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The following data were summarized from the accounting records for Ruiz Industries Inc for the year ended November 30 2018 Cost of goods sold Commercial Division Residential Division Administrative expenses Commercial Division Residential Division 3 400 000 1 800 000 Operating income 750 000 375 000 Feedback Support department allocations Commercial Division Residential Division Sales Prepare divisional income statements for Ruiz Industries Inc Commercial Division Residential Division Sales Cost of goods sold Gross profit Administrative expenses Operating income before support department allocations Support department allocations Ruiz Industries Inc Divisional Income Statements For the Year Ended November 30 20Y8 Commercial Division 6 120 000 3 400 000 2 720 000 1 970 000 800 000 1 170 000 800 000 200 000 6 120 000 2 850 000 S Residential Division 2 850 000 1 800 000 1 050 000 0000

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