A corporation, which has only one product, has provided the following data concerning its most recent month

Selling price

Units in beginning inventory

Units produced

Units sold

Units in ending inventory

Variable costs per unit:

Direct materials

Direct labor

Variable manufacturing overhead

Variable selling and administrative expense

Fixed costs:

Fixed manufacturing overhead

Fixed selting and administrative expense

$$123$

$0$

$8,930$

$8,460$

$470$

$$335$

$$37\mathrm{.}50$

$$4\mathrm{.}50$

$$10\mathrm{.}50$

$$165,205$

$$109,500$

Required:

a$.$ Prepare a contribution format income statement for the month using variable costing.

b$.$ Prepare an income statement for the month using absorption costing.

Complete this question by entering your answers in the tabs below.

Prepare an income statement for the month using absorption costing.

Absorption Costing Income Statement

Required A