Question:
Prepare Statements for a Service Company
The following data are available for InterGalactic Strategic Consultants for the year just ended:
|
Gross margin
|
$16,200,000
|
|
Operating profit
|
6,100,000
|
|
Revenues
|
34,000,000
|
Find the following by completing a cost of goods sold statement.
a. Marketing and administrative costs.
b. Cost of services sold.