Bridgeport Windows manufactures a hand-painted bamboo window shade for standard-size windows. Production and sales data for 2022 are as follows:

Variable manufacturing costs		$40	per shade
Fixed manufacturing costs		$107,000
Variable selling and administrative expenses		$9	per shade
Fixed selling and administrative expenses		$250,400
Selling price		$90	per shade
Units produced		10,700	shades
Units sold		8,610	shades

(a)

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Prepare an income statement using absorption costing. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)

BRIDGEPORTWINDOWS Income Statement choose the accounting period December 31, 2022For the Month Ended December 31, 2022For the Year Ended December 31, 2022 Absorption Costing
select an income statement item Beginning inventoryCost of goods soldNet income / (loss)SalesVariableEnding inventorySelling and administrative expensesGross profitCost of goods manufacturedFixed				$enter a dollar amount
select between addition and deduction AddLess:select an income statement item Gross profitVariableCost of goods manufacturedNet income / (loss)Ending inventorySalesSelling and administrative expensesFixedCost of goods soldBeginning inventory				enter a dollar amount
select a summarizing line for the first part SalesBeginning inventoryVariableSelling and administrative expensesFixedEnding inventoryGross profitCost of goods manufacturedCost of goods soldNet income / (loss)				enter a total amount for the first part
select between addition and deduction LessAdd:select an opening section name Selling and administrative expensesFixedEnding inventorySalesBeginning inventoryNet income / (loss)Cost of goods soldCost of goods manufacturedVariableGross profit
select an income statement item SalesGross profitCost of goods manufacturedFixedCost of goods soldVariableNet income / (loss)Beginning inventoryEnding inventorySelling and administrative expenses		$enter a dollar amount
select an income statement item Ending inventorySelling and administrative expensesFixedNet income / (loss)SalesCost of goods manufacturedCost of goods soldGross profitVariableBeginning inventory		enter a dollar amount
				enter a subtotal of the two previous amounts
select a closing name for this statement SalesBeginning inventoryFixedGross profitCost of goods manufacturedSelling and administrative expensesEnding inventoryNet income / (loss)VariableCost of goods sold				$enter a total net income or loss amount

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