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Nimble Corp. manufactures and sells a variety of camping products. Recently the company opened a new plant to manufacture a deluxe portable cooking unit. Cost
Nimble Corp. manufactures and sells a variety of camping products. Recently the company opened a new plant to manufacture a deluxe portable cooking unit. Cost and sales data for the first month of operations are shown below: The portable cooking unit sells for $110. Management is interested in the opening month's results and has asked for an income statement. Instructions Assume the company uses absorption costing. Calculate the production cost per unit and prepare an income statement for the month of June, 2016
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