Question: Prepare the income statement for Striker Company using the data in E2-37B for the most recent year. Assume that the company sold 35,000 units of

 Prepare the income statement for Striker Company using the data in

Prepare the income statement for Striker Company using the data in E2-37B for the most recent year. Assume that the company sold 35,000 units of its product at a price of $13 each during the year. Lindy Electronics manufactures and sells smartphones. Unfortunately, the company recently suffered serious fire damage at its home office. As a result, the accounting records for October were partially destroyed and completely jumbled. Lindy has hired you to help figure out the missing pieces of the accounting puzzle. Assume that Lindy Electronics Raw Materials Inventory contains only direct materials. Find the following amounts: Cost of Goods Sold in October Beginning Raw Materials Inventory Ending Finished Goods Inventory Classify each of the following costs as relevant or irrelevant to the decision at hand and briefly explain your reason. The purchase price of the old computer when replacing it with a new computer with improved features The cost of renovations when deciding whether to build a new office building or to renovate the existing office building The original cost of the current stove when selecting a new, more efficient stove for a restaurant

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