In $2019,$ Barry Grey Inc. sold $49,000$ units at a selling price of $$38$ per unit. The company manufactured $68,000$ units. Variable manufacturing costs were $$11$ per unit manufactured. Fixed manufacturing costs amounted to $$338,000.$ Variable marketing costs were $$15$ per unit sold, and the budgeted and actual fixed marketing costs were $$31,000.$ Other fixed operating expenses amounted to $$22,000.$ There was no beginning inventory.

Do not enter dollar signs or commas in the input boxes.

Round all answers to the nearest whole number.

a$)$ Calculate the company's $2019$ operating income using absorption costing.

Revenues $Answer

$1862000$

Cost of Goods Sold:

Beginning Inventory $Answer

$0$

Cost of Goods Manufactured $Answer

$1086000$

Less: Ending Inventory $Answer

Cost of Goods Sold $Answer

Gross Margin $Answer

Operating Expenses:

Marketing Costs $Answer

Other Fixed Operating Expenses $Answer

$Answer

Income from Operations $Answer

b$)$ Calculate the company's $2019$ operating income using variable costing.

Revenues $Answer

Variable Cost of Goods Sold

Beginning Inventory $Answer

Cost of Goods Manufactured $Answer

Less: Ending Inventory $Answer

Variable Cost of Goods Sold $Answer

Variable Marketing Costs $Answer

Contributed Margin $Answer

Operating Expenses:

Fixed Manufacturing Overhead Costs $Answer

Fixed Marketing Costs $Answer

Other Fixed Operating Expenses $Answer

$Answer

Income from Operations $