On the basis of the following data, the general manager of Footwear Industries Inc. decided to discontinue
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Footwear Industries Inc Product-Line Income Statement For the Year Ended May 31, 2012 Childrens Men's Womens Shoes Shoes 500,000 $800,000 $1,200,000 ,500,000 Shoes Total Sales Costs of goods sold: $275,000 $390,000 Variable costs Fixed costs Total cost of goods sold 700,000 $1,365,000 460,000 $550,000 900,000 $1,825,000 675,000 100,000 160,000 200,000 $375,000 $125.000 5250,000 300,000 Gross profit Selling and administrative expenses: Variable selling and admin expenses $130,000 $140,000 160,000 S 430,000 Fixed selling and admin expenses Total selling and admin expenses 40,000 $170,000 (45,000 70,000 130,000 $180,000 210,000 $ 560,000 90,000 115,000 40,000 50,000 Income (loss) from operations
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