I need help calculating the Sales, COGS, Gross Margin, and Operating Income based on the below information. Thank you in advance for any help! Income…

by | Jun 19, 2022 | accounting | 0 comments

180

Before the end of August, Jobs 70, 72, 73, and 75 were completed. On August 31, Jobs 72 and 75 were sold.

Cairle’s selling and administrative expenses for August were $1,100. Assume that Cairle prices its jobs at cost plus 20 percent.

Required:

Compose an

income statement for Cairle Company for August.

Cairle Company

Income Statement

For the Month of August

Sales $

COG sold $

Gross margin $

Selling and Admin Exp

Operating income

$

Why Choose Us

Click on the “Place Your Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
Fill in your paper’s requirements in the "PAPER INFORMATION" section.
Fill in your paper’s academic level, deadline and the required number of pages from the drop-down menus.
Click “PREVIEW” to enter your registration details and get an account with us for record keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.
```
 
```