EntertainMe Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2020 are as follows: The selling price per unit is $3,300. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements. E: (Click to view the data.) ..... 1,500,000 1.400.000 1,520,000 1,500,000 1,550.000 Variable manufacturing costs Cost of goods available for sale Deduct ending inventory Variable cost of goods sold 1,670,000 (140,000) (150,000) (150,000 Data table 1,350,000 1,530,000 1,400,000 1,120,000 1,080,000 1,224,000 Variable operating costs Contribution margin Fixed manufacturing costs March January February 2,100,000 2,295.000 2,025,000 525,000 130,000 525,000 Unit data: 525,000 130,000 0 150 150 130,000 Fixed operating costs Beginning inventory Production Sales 1,500 1,400 1,520 $ 1,370,000 $ 1,445,000 $ 1,640.000 Operating income 1,350 1,400 1,530 (b). Prepare income statements for EntertainMe in January, February, and March 2020 under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. La Manufacturing.) $ 1,000 $ 1,000 $ 1,000 abel. Abbreviation used; Adj. = Adjustment, Mfg. = $ 800 $ 800 $ 800 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs January 2020 $4,455,000 February 2020 $4,620,000 March 2020 $5,049,000 Revenues $ 525,000 $ 525,000 $ 525,000 $ 130,000 $ 130,000 $ 130,000 0 202500 1500000 $ 202,500 1,400,000 490000 1.520,000 525000 532000 Print Done Cost of goods sold: Beginning inventory Variable manufacturing costs Allocated fixed manufacturing costs Cost of goods available for sale Deduct ending inventory Adj. for production-volume variance Cost of goods sold Gross margin 2092500 2254500 2,025,000 (202,500) 202500 206250 192150 2062895