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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.

image text in transcribedimage text in transcribed
Instructions For the Month Ended March 31 1 Sales (50,000 units) $6,500,000.00 Variable cost of goods sold: 3 Variable cost of goods manufactured $2,440,000.00 4 Inventory, March 31 (11,000 units) (440,000.00) 5 Total variable cost of goods sold 2,000,000.00 6 Manufacturing margin $4,500,000.00 7 Variable selling and administrative expenses 1,550,000.00 8 Contribution margin $2,950,000.00 9 Fixed costs: 10 Fixed manufacturing costs $620,000.00 11 Fixed selling and administrative expenses 487,500.00 12 Total fixed costs 1,107,500.00 13 Income from operations $1,842,500.00Absorption Costing Income Statement For the Month Ended March 31 V Sales " $6,500,000.00 " Cost of goods sold: V Cost of goods manufactured V $3,060,000.00 " Inventory, March 31 V Total cost of goods sold V Gross prot V Selling and administrative expenses V 0' Income from operations

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