Profit Center Responsibility Reporting
O'Neill Sporting Goods Co. operates two divisions-the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of June 30, 2014, the end of the current fiscal year, after all adjustments, including those for inventories, were recorded and posted:
Sales-Winter Sports Division.............................................$30,922,500
Sales-Summer Sports Division............................................ 34,162,000
Cost of Goods Sold