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.
income statement for Cairle Company for August.
For the Month of August
COG sold $
Gross margin $
Selling and Admin Exp