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Prepare divisional income statements for ruiz industries inc

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Reference no: EM132717799

Problem - The following data were summarized from the accounting records for Ruiz Industries Inc. for the year ended November 30, 20Y8:

Cost of goods sold:

Commercial Division $3,400,000

Residential Division 1,800,000

Administrative expenses:

Commercial Division $750,000

Residential Division 375,000

Support department allocations:

Commercial Division $800,000

Residential Division 200,000

Sales:

Commercial Division $6,120,000

Residential Division 2,850,000

Required - Prepare divisional income statements for Ruiz Industries Inc.

Reference no: EM132717799

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