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During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the

image text in transcribedimage text in transcribedDuring the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as follows: (PLEASE FILL OUT ACCORDING TO THE IMAGES!)

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Kodiak Fridgeration Company Score: 43/64 Absorption Costing Income Statement For the Month Ended August 31 1 Sales $10,800,000.00 2 Cost of goods sold: 3 Cost of goods manufactured $9,600,000.00 4 Cost of goods sold 5 Cost of goods sold 8,640,000.00 6 Gross profit $2,160,000.00 7 Cost of goods sold 1,260,000.00 8 Income from operations $900,000.00 Variable Costing Income Statement For the Year Ended December 31, 2012 1 Sales $10,800,000.00 2 (Label) 3 Variable cost of goods manufactured $9,280,000.00 4 Inventory, August 31 928,000.00 5 8,352,000.00 6 Gross profit $2,448,000.00 7 320,000.00 8 $320,000.00 9 (Label) 10 11 12 13 During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 80,000 mini refrigerators, of which 72,000 were sold. Operating data for the month are summarized as follows: 1 Sales $10,800,000.00 2 Manufacturing costs: 3 Direct materials $6,400,000.00 4 Direct labor 1,600,000.00 5 Variable manufacturing cost 1,280,000.00 6 Fixed manufacturing cost 320,000.00 9,600,000.00 7 Selling and administrative expenses: 8 Variable $1,080,000.00 9 Fixed 180,000.00 1,260,000.00

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