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.


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