FIFO Assumption

Actual Costing May June FG BB in units Unit production volume Unit sales volume Variable Costs: SO 4,800 4,000 4,400 4,800 manufacturing cost per unit produced $4,000 $4,000 marketing cost per unit sold 2,000 $2,400 Fixed Costs: manufacturing total cost marketing total cost S21,120,000 S21,120,000 $6,000,0006,000,000 S19,600 Unit sales price Cost flow assumption: FIFO S19,600 Variable Co Income Statement June Sales Revenue OP INC