Refer to the data provided in Exercise 2-39.
Required:
Prepare an income statement for Jasper Company for last year. Calculate the percentage of sales for each line item on the income statement. Round percentages to the nearest tenth of a percent..

Data From Exercise 2-39:

Jasper Company provided the following information for last year:

          Sales in units                           300,000
          Selling price                                     $9
          Direct materials                      $150,000
          Direct labor                            $325,000
          Manufacturing overhead       $215,000
          Selling expense                      $437,000
          Administrative expense          $854,000

Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Required:
Calculate the cost of goods sold for last year.