Instructions During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 60,000 mini refrigerators, of which 54,000 were sold Operating data for the month are summarized as follows: 1 Sales $10.260,000.00 ? Manufacturing costs: 1 Direct materials 55.100,000.00 Direct labor 1.800.000,00 Variable manufacturing cost Fixed manufacturing cost 1.200.000.00 840.000,00 8.940.000.00 Check My World Previous Ne O 10 istructions 13 Direct materials $5,100,000.00 4 Direct labor 1,800,000.00 1,200,000.00 6 5 Variable manufacturing cost Fixed manufacturing cost 7 Selling and administrative expenses: Variable 840,000.00 8,940,000.00 8 $972,000.00 9 Fixed 324,000.00 1.296.000.00 Required: Kodiak Fridgeration Company Score: 53/68 Absorption Costing Income Statement For the Month Ended August 31 1 Sales $10.260,000.00 2 Cost of goods sold: 3 Cost of goods manufactured $8.940,000.00 Inventory, August 31 5 Total cost of goods sold 6 Gross profit 7 Selling and administrative expenses 1,296,000.00 10. Cost of goods sold: Cost of goods manufactured Inventory, August 31 $8.940,000.00 Total cost of goods sold Gross profit Selling and administrative expenses 1.296,000.00 Income from operations $918,000.00 Shaded ces have feedbac 2. Prepare an income statement based on the variable costing concept Refer to the lists of Labets and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. A colon () will automatically appear if required Enter Inventory, August 31 as a negative number using a minus sign. If a net loss is incurred, enter that amount as a negative number using a minus sign Question not attempted. Score: 0/102 Kodiak Fridgeration Company Variable Costing Income Statement Label Check My W Previous Next i Variable Costing Income Statement 2 (tabel) 3 * 5 6 2 3 Label) 6 Check My Work O Variable Costing Income Statement 10 -11 12 15 Poi Chick wun