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(Solved): Absorption-Costing Income Statement During The Most Recent Year, Beyta Company Had The Following Dat...
Absorption-Costing Income Statement During the most recent year, Beyta Company had the following data: Units in beginning inventory 10,000 Units produced Units sold ($60 per unit) 8,800 Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative $138,000 Required: 1. Calculate the cost of goods sold under absorption costing. Feedback 2. Prepare an income statement using absorption costing. Beyta Company Income Statement under Absorption Costing For the Most Recent Year $ 528,000 Sales Less: Cost of goods sold Gross margin Less: Selling and administrative expense 138,000 Operating income
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