Refer to the information for Organic, Inc.

Requirements 1. Using absorption costing, calculate the unit product cost.

2. Prepare an income statement using the traditional format.

Organic, Inc. has collected the following data for November (there are no beginning inventories):

Transcribed Image Text:

Units produced and sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 300 units $ 275 per unit 53 per unit 76 per unit 28 per unit 4,350 per month 20 per unit 4,675 per month