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