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Glory, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements Requirement
Glory, Inc. has collected the following data for November (there are no beginning inventories): (Click the icon to view the data.) Read the requirements Requirement 1. Using absorption costing, calculate the unit product cost. (Round your final answer to the nearest cent.) Absorption costing Data Table Unit product cost - Requirement 2. Prepare an income statement using the traditional format Glory, Inc. Income Statement (Absorption Costing) For the Month Ended November 30 Units produced and sold Sales price Direct materials 300 units $475 per unit 65 per unit 80 per unit 20 per unit 5,100 per month Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 55 per unit 4,800 per month Operating Income Print Done
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