Question

Refer to the information for Slapshot Company above.
Slapshot Company makes ice hockey sticks and sold 16,000 sticks during the month of June at a total cost of $431,000. Each stick sold at a price of $90. Slapshot also incurred two types of selling costs: commissions equal to 15 percent of the sales price, and other selling expense of $200,000. Administrative expense totaled $115,000.

Required:
Prepare an income statement for Slapshot for the month of June.


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  • CreatedSeptember 22, 2015
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