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Hamington Manufacturing manufactures a single product that it will sell for $ 7 6 per unit. The company is looking to project its operating income
Hamington Manufacturing manufactures a single product that it will sell for $ per unit. The company is looking to project its operating income for its first two years of operations. Cost information for the single unit of its product is as follows:
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During its first year of operations, the company plans to manufacture units and anticipates selling of those units. During the second year of its operations, the company plans to manufacture units and anticipates selling units it has units in beginning inventory for the second year from its first year of operations
Requirement Prepare an absorption costing income statement for a the first year of operations and b the second year of operations.
Hamington Manufacturing
Income Statement Absorption Costing
tablesorption CostingYear b Year Sales revenue,$$
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