3. Construct Bakers Income Statement assuming the use of absorption costing.
4. Under absorption costing, what would have been the value of Bakers ending inventory?

5. Construct Bakers Income Statement assuming the use of variable costing.

Use the following for questions 3-5 Baker Manufacturing produces one product and had the following data available regarding a recent year of operation: $100 Unit selling price Units in beginning inventory Units produced Units sold 6,300 6,000 Total Variable costs: Direct materials Direct labor Variable manufacturing overhead Variable sellina costs $75,600 $264,600 $37,800 $48,000 T otal Fixed costs: Fixed manufacturing overhead Fixed selling costs $170,100 $24,000 3. Construct Baker's Income Statement assuming the use of absorption costing