Number of units produced30, 000

Number of units sold28,000

Selling price$20

Beginning inventory0

Fixed selling and administrative costs$ 20,000

Fixed manufacturing overhead$ 150,000

Direct materials cost per unit2

Direct manufacturing labor6

Variable manufacturing overhead per unit4

Variable selling expenses per unit2

FMOH per unit5

1.Operating Income under Absorption method is

2.If Sales Revenue $560,000 then Gross Margin under Absorption method is

3.Cost of Goods Sold and Ending inventory under Absorption costing method are:

4.What is Cost of Goods Manufactured under Variable costing method

5.What is Cost of goods manufactured under Absorption costing method