Homework Assignment #7 Calculator Print Item Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive commands from cell phones. Beginning Inventory Units Produced 24,000 19,200 Units Sold Selling Price per Unit $145 $4 Variable Sales and Administration Expenses Fixed Sales and Administration Expenses Direct Material Cost per Unit $931,200 S26 Direct Labor Cost per Unit 510 Variable Manufacturing Overhead Cost per Unit $2 Fixed Manufacturing Overhead Cost per Month $940,800 Prepare an income statement under the absorption method. If an amount box does not require an entry, leave it blank, Appliance Apps Income Statement: Absorption Sales $ 2,784,000 Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured Check My Work Previous Appliance Apps Income Statement: Absorption Sales 2,784,000 Cost of Goods Sold: Beginning Inventory Cost of Goods Manufactured Cost of Goods Available for Sale Ending Inventory Total Cost of Goods Sold Gross Profit Sales and Administrative Expenses: Variable Fixed Total Fixed Sales and Administrative Expenses Net Operating Income Feedback Check My Work