OxiClear manufactures a tile and grout cleaner. The company was formed during the current year. As a result, there was no beginning inventory. Management is evaluating performance and Inventory management issues, and desires to know both net income and ending Inventory under generally accepted accounting principles (absorption costing) as well as variable costing methods. Relevant facts are as follows: Absorption Costing Variable Costing Variable manufacturing costs Fixed manufacturing costs Cost of goods manufactured Cost of goods sold Ending inventory Ending inventory Sales Cost of goods sold Gross profit Selling, general, & administrative costs Variable Fixed Net Income Selling price per gallon Variable manufacturing cost per gallon Variable SG&A costs per gallon Fixed expenses Fixed manufacturing costs Fixed SG&A Manufacturing SG&A Total gallons produced Total gallons sold Sales Variable manufacturing costs Variable manufacturing margin Variable SG&A Contribution margin Net income s S $ S B-23.02 $ 4.40 0.80 0.90 1,450,000 235,000 650,000 620,000

B-23.02 Seling fike jer isilm viscles mana ineti per gaise ins ans asp Fine mandinuster trets raeticha I. 14 thate 27500 Tata grlose prefured Tute gralini wed suanace rasace turietifenting Irales in inenary ramien mas martumy analy Warich incertertery mejo: partere lada. fore gine mary Mnein akmas bisin het iniuren