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i completed all the parts but its saying 2B isnt complete. What am i missing? Lynch Company manufactures and selis a single product. The following
i completed all the parts but its saying 2B isnt complete. What am i missing?
Lynch Company manufactures and selis a single product. The following costs were incurred during the company's first year of operations: During the year, the company produced 21,000 units and sold 17,000 units. The selling price of the company's product is $40 per unit. Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: 3. Compute the unit product cost. b. Prepare an income statement for the year. 8) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year, Assume that the company uses variable costing Prepare an income statement for the year. Assume that the company uses variable costing Step by Step Solution
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