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Compute gross profit for the white and grey divisions

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Question - Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year:

 

White Division

Grey Division

Sales (net)

$600,000

$490,000

Salary expense

37,000

57,000

Cost of goods sold

190,000

168,000

The White Division occupies 29,000 square feet in the plant. The Grey Division occupies 39,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $59,000. Compute gross profit for the White and Grey Divisions, respectively.

Reference no: EM133183007

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