Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 53

Slapshot Company makes ice hockey sticks and sold 16,000 sticks during the month of June at a total cost of $485,000. Each stick sold at a price of $90. Slapshot also incurred two types of selling costs: commissions equal to 15 percent of the sales price, and other selling expense of $200,000. Administrative expense totaled $115,000.
Manufacturing Firm Income Statement
Refer to the information for Slapshot Company above.
Required:
Prepare an income statement for Slapshot for the month of June.