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please answer the blanks! thank you and tell me how you got the answers for costs of goods sold! thank you Read the requirements. 0
please answer the blanks! thank you
and tell me how you got the answers for costs of goods sold! thank you
Read the requirements. 0 Data Table 51 00 13.00 Requirement 1. Prepare two income statements for the year, one using absorption costing and one using variable costing Begin by preparing the income statement for the year using absorption costing King Industries Income Statement (Absorption Costing) For the Year Ended Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses 102000 Operating income Selling price per unit Direct material per unit... Direct labor per unit Total annual manufacturing overhead................$ Fored portion of annual manufacturing overhead ... $ Variable operating expenses per unit sold ......... Fixed operating expenses per year in total.........$ Units manufactured........... ...... ... 10.00 300,000 240,000 765000 42,000 20,000 15,000 Print Done Choose from any list or enter any number in the input fields and then click Check Step by Step Solution
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