Absorption and Variable Costing Income Statements

ngageNowv21 Online teachin X Maindo?inwoker assignments& assignment-take&inprogress-false Show Me How Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating dat month are summarized as follows: Sales Manufacturing costs: $2,150,000 Direct materials Direct labor Variable manufacturing cost Fixed marufacturing cost 420,000 156,000 288,000 1,824,000 Seling and administrative expenses: Variable Fixed Required: 5204,000 6,000300,000 1. Prepare an income statement based on the absorption costing concept YoSan Inc Absorption Costing Income Statement For the Month Ended Juh 31 2.150.000 Cost of goods sold Cost of goods Inventory, Julh 1 6