This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Add: Beginning work in process $450,000.00 Less: Ending work in process $750,000.00 Cost of goods manufactured $6,363,000.00 2 $6,363,000.00 $150,000.00 = $42.42 per floor lamp 3 Jordan Company Income Statement For the Year Ended December 31, 2010 Sales $7,050,000.00 Less: Cost of goods sold $5,981,220.00 Gross margin $1,068,780.00 Less operating expenses: Research and development $120,000.00 Selling $455,000.00 Administrative $390,000.00 $965,000.00 Operating Income $103,780.00...
View Full Document
This note was uploaded on 02/23/2011 for the course ECON 101 taught by Professor Profeessor during the Spring '11 term at Aachen University of Applied Sciences.
- Spring '11