Transcribed Image Text: Jasper Company provided the following information for last year: Sales in units 280,000 Selling price $ 12 Direct materials 180,000 Direct labor
Transcribed Image Text: Jasper Company provided the following
information for last year:
Sales in units
280,000
Selling price
$
12
Direct materials
180,000
Direct labor
505,000
Manufacturing overhead
Selling expense
Administrative cxpense
110,000
437,000
854,000
year, beginning and ending inventories of
work in process and finished goods equaled
Last
zero.
Exercise 2-48 Income Statement
Refer to the information for Jasper Company
on the previous page.
Required:
1. Calculate the sales revenue for last
year.
2. Prepare an income statement for
Jasper for last year.
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