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16/16 please make journal entry Required information [The following information applies to the questions displayed below] Cool Sky reports the following for its first year

16/16
please make journal entry
image text in transcribed
Required information [The following information applies to the questions displayed below] Cool Sky reports the following for its first year of operations. The company produced 40,000 units and sold 32,000 units at a price of $140 per unit. b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing

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