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Instructions Jasper Company provided the following information for last year: Costs Sales in units Amount 310,000 $15 $170,000 $499,000 Selling price Direct materials Direct labor Manufacturing overhead Selling expense Administrative expense $110,000 $423,000 $863,000 Last war beginning and endling Inverore of work in noence and finished code counted for $170,000 $499,000 Instructions Direct materials Direct labor Manufacturing overhead Selling expense Administrative expense $110,000 $423,000 $863,000 Last year, beginning and ending inventories of work in process and finished goods equaled zero. Required: 1. Calculate the sales revenue for last year. 2. Prepare an income statement for Jasper for last year. Instructions Labels and Amount Descriptions Refer to the list below for the exact wording of a label or an amount description within your income statement. Labels Add For the Last Year For the Next Year Less Amount Descriptions Administrative expense Cost of goods manufactured Cost of goods sold Gross profit structions Labels and Amount Descriptions TUI UIC INCALCOI Less Amount Descriptions Administrative expense Cost of goods manufactured Cost of goods sold Gross profit Operating income Operating loss Sales revenue Selling expense uctions Labels and Amount Descriptions X Sales Revenue 1. Calculate the sales revenue for last year. The sales revenue for last year is $ Income Statement 2. Prepare an income statement for Jasper for last year. Refer to the list of Labels and Amount Descriptions for the exact wording of to complete the statement heading Jasper Company Income Statement Label) 2 3 (Label) Income Statement Income Statement (Label) 2 4 (Label ) 5 6 7

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