Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger

Exercise 42

Income Statement
Jasper Company provided the following information for last year:

Last year, beginning and ending inventories of work in process and finished goods equaled zero.
Refer to the information for Jasper Company above.
Required:
1. Calculate the sales revenue for last year.
2. Prepare an income statement for Jasper for last year.