The following data were summarized from the accounting records for Jersey Coast Construction Company for...
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Accounting
The following data were summarized from the accounting records for Jersey Coast Construction Company for the year ended June 30, 20Y8:
| Cost of goods sold: | |
| Commercial Division | $916,750 |
| Residential Division | 431,775 |
| Administrative expenses: | |
| Commercial Division | $151,800 |
| Residential Division | 129,050 |
| Service department charges: | |
| Commercial Division | $113,400 |
| Residential Division | 67,800 |
| Sales: | |
| Commercial Division | $1,356,500 |
| Residential Division | 752,780 |
Prepare divisional income statements for Jersey Coast Construction Company. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Amount Descriptions
Administrative expenses Cost of goods sold Gross profit Income from operations income from operations before service department charges Sales Selling expenses Service department charges Transportation expenses
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