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2. Halden Company has 80 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Halden produced 260 units
2. Halden Company has 80 units in Finished Goods Inventory at the beginning of the accounting period. During the accounting period, Halden produced 260 units and sold 340 units for $230 each. All units incurred $65 in variable manufacturing costs and $24 in fixed manufacturing costs. Halden also incurred $7,900 in Selling and Administrative Costs, all fixed. Calculate the operating income for the year using absorption costing and variable costing.
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