Roundabout Shoe Company makes walking shoes. During the last calendar year, a total of 90,000 pairs of shoes were made, and 89,000 were sold for $54.00 per pair. The actual unit cost per pair of shoes is as follows:

The selling expenses consisted of a commission of $2.70 per pair sold and advertising co-payments totaling $236,000. Administrative expenses, all fixed, equaled $183,000.
There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was $235,500 for 6,000 pairs of shoes.
Required:
1. Calculate the number and the dollar value of walking shoes in ending finished goods inventory.
2. Prepare a cost of goods sold statement.
3. Prepare an absorption-costing income statement.LO1

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Direct materials $13.20 Direct labor 5.80 Variable overhead 3.50 Fixed overhead 16.75 Total unit cost $39.25