Can someone help me understand this process and what I'm doing wrong for all blocks with an X and blank, please?
Module 6 Assignment 1 eBook Show Me How Calculator Print Item 1. TMM.6-1 Income Statements under Absorption and Variable Costing Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data 2. EX.06-02.ALGO summarize the results for August: 3. EX.06-12. BLANKSHEET.AL... Sales (16,500 units) $2,145,000 Production costs (21,000 units): Direct materials $1,010,100 Direct labor 485,100 Variable factory overhead 241,500 Fixed factory overhead 161,700 1,898,400 Selling and administrative expenses: Variable selling and administrative expenses $294,300 Fixed selling and administrative expenses 113,900 408,200 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August 31 Sales v $ 2,145,000 Cost of goods sold v 1,898,392 X Gross profit v $ 246,607.35 X Progress: 2/3 items Check My Work Previous NextModule 6 Assignment eBook Show Me How Calculator Print Item 1. TMM.6-1 Production costs (21,000 units): Direct materials $1,010,100 2. EX.06-02.ALGO Direct labor 485,100 Variable factory overhead 241,500 3. EX.06-12.BLANKSHEET.AL... Fixed factory overhead 161,700 1,898,400 Selling and administrative expenses: Variable selling and administrative expenses $294,300 Fixed selling and administrative expenses 113,900 408,200 If required, round interim per-unit calculations to the nearest cent. a. Prepare an income statement according to the absorption costing concept. Shawnee Motors Inc. Absorption Costing Income Statement For the Month Ended August 31 Sales v $ 2,145,000 Cost of goods sold v 1,898,392 X Gross profit v $ 246,607.35 X Selling and administrative expenses v Income from operations v Feedback Progress: 2/3 items Check My Work Previous Next >