Cornerstone Exercise 2-25 Income Statement Percentages Refer to the information for Slapshot Company above. Required: Prepare...

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Cornerstone Exercise 2-25 Income Statement Percentages Refer to the information for Slapshot Company above. Required: Prepare an income statement for Slapshot for the month of June and calculate the percentage of sales revenue represented by each line of the income statement. (Note: Round answers to one decimal place.) Exercise 2-30 Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct labor Direct materials Manufacturing overhead Selling expense Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. 2. What is total product cost for last month? 3. What is the unit product cost for last month? $7,000 3,000 2,000 8,000 Exercise 2-36 Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 42,000 jet skis. Finished goods inventory had the following units: Required: January 1 December 31 4,300 3,900 1. How many jet skis did Allyson sell during the year? 2. If each jet ski had a product cost of $2,100, what was the cost of goods sold last year? Use the following information for Exercises 2-37 and 2-38: In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows: March 1 March 31 Materials $7,200 $8,600 Work in process 1,700 9,000 Finished goods 7,000 9,500 Cornerstone Exercise 2-25 Income Statement Percentages Refer to the information for Slapshot Company above. Required: Prepare an income statement for Slapshot for the month of June and calculate the percentage of sales revenue represented by each line of the income statement. (Note: Round answers to one decimal place.) Exercise 2-30 Total and Unit Product Cost Martinez Manufacturing Inc. showed the following costs for last month: Direct labor Direct materials Manufacturing overhead Selling expense Last month, 4,000 units were produced and sold. Required: 1. Classify each of the costs as product cost or period cost. 2. What is total product cost for last month? 3. What is the unit product cost for last month? $7,000 3,000 2,000 8,000 Exercise 2-36 Cost of Goods Sold Allyson Ashley makes jet skis. During the year, Allyson manufactured 42,000 jet skis. Finished goods inventory had the following units: Required: January 1 December 31 4,300 3,900 1. How many jet skis did Allyson sell during the year? 2. If each jet ski had a product cost of $2,100, what was the cost of goods sold last year? Use the following information for Exercises 2-37 and 2-38: In March, Chilton Company purchased materials costing $12,000 and incurred direct labor cost of $20,000. Overhead totaled $36,000 for the month. Information on inventories was as follows: March 1 March 31 Materials $7,200 $8,600 Work in process 1,700 9,000 Finished goods 7,000 9,500