Accounting DATA: Targon, Inc., manufactures lawn equipment. A job-order costing system is used, since the products are manufactured in batches rather…

Rainmaker Nozzles       __________

       Connectors                    __________

         Ring Sprinklers             __________

Prepare an Income Statement for the month of December (2014). To calculate Sales Revenue assume that Targon, Inc. “marks up” its products at 30% above “adjusted” Cost of Goods Sold. Also, assume an income tax rate of 25%.

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