ACTG $2$P$12$

April $17,2014$

Page $13$ of $13$

Problem $7.(14$ marks$)$

Jerod Jangles uses an absorption costing system. In April, the firm produced $78,000$ units and sold $65,300.$ The traditional format income statement is as follows:

$\backslash$table$[[$Sales$,$$$636,675$