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Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on
Absorption Costing Income Statement On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, based on the variable costing concep Maryville Equipment Company Variable Costing Income Statement For the Month Ended October 31 Sales (12,800 units) $716,800 Variable cost of goods sold: Variable cost of goods manufactured $330,000 Inventory, October 31 (2,200 units) (48,400) Total variable cost of goods sold (281,600) Manufacturing margin $435,200 Variable selling and administrative expenses Contribution margin (192,000) $243,200 Fixed costs: Fixed manufacturing costs $60,000 Fixed selling and administrative expenses 51,200 Total fixed costs (111,200) Operating Income $132,000 Prepare an income statement under absorption costing. Round all final answers to whole dollars. Maryville Equipment Company Absorption Costing Income Statement For the Month Ended October 31 Cost of goods sold 0000
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