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Rizzuto Company Supplied the Following Information for the Month of January

Question 78

Essay

Rizzuto Company supplied the following information for the month of January.
Required: Reconstruct Rizzuto's Income Statement for January assuming that the total sales revenue for the month equalled $500,000.
 Cost of goods sold percentage 62% Selling expense percentage 6% Administrative expense 13%\begin{array} { l r } \text { Cost of goods sold percentage } & 62 \% \\\text { Selling expense percentage } & 6 \% \\\text { Administrative expense } & 13 \%\end{array}

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