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-4 points) PATTY, INC. open a small manufacturing firm on January 1, 20X1. Sales and ost data for PATTY, INC. during the first two months
-4 points) PATTY, INC. open a small manufacturing firm on January 1, 20X1. Sales and ost data for PATTY, INC. during the first two months of 20X+are given below: January February Selling Price (per unit). $10 Fixed Costs (total.. 25 Variable Costs (per unit). Number of units produced..... .......... 25 - $10 ***....25 ......2 Number of units sold..................................21 equired (BE CERTAIN YOU PLACE THE ANSWER IN THE CORRECT SPACE ON HE SEPARATE ANSWER SHEET): Using the FIFO inventory method Absorption Costing Variable (Direct) Costing PATTY's' income for January is.. ..10.147 11. 143 PATTY's income for February is............ 13. 151 Using the LIFO inventory method Absorption Costing Variable (Direct) Costing PATTY's income for January is........... PATTY's income for February is
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