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PLEASE HELP I'm supposed to make an absorption costing income statement using the variable costing I/S I've been working on this for hours and still
PLEASE HELP I'm supposed to make an absorption costing income statement using the variable costing I/S
I've been working on this for hours and still can't get inventory, march 31 (11,000 units)
Not sure where I went wrong
I've been doing (total manufacturing cost/variable manufacturing units) x variable cost ending inventory
3,060,000/50,000 = 61.2/unit
61.2 x 11,000 = 673200
but that seems to be wrong.
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