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please use the cell formulas Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell 826

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Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell 826 enter the formula 817". After entering formulas in all of the cells that contained question marks, verify that the dollar amounts match the numbers in Review Problem 1 The LIFO inventory flow assumption is used throughout the problem. Check your worksheet by changing the units sold in the Data to 6,000 for Year 2. The cost of goods sold under absorption costing for Year 2 should now be $240,000. If it isn't check cell C41. The formula in this cell should be "IF(C26 Paste BIU L12 D E F TOUT ? 32 Direct materials 2 ? 33 Direct labor ? 34 Variable manufacturing overhead ? ? 35 Fond manufacturing overhead ? ? 35 Absorption costing unit product cost ? 2 37 35 Construct the Absorption Costing Income Statement 39 Year 1 Year 2 40 Sales 7 2 41 Cost of goods sold 2 2 42 Gross margin 7 2 43 Selling and administrative expenses ? 7 44 Not operating Income 2 7 45 46 Compute the Variable Casting Unit Product Cost Year 1 Year 2 48 Direct materials ? ? 49 Direct labor ? ? SO Variable manufacturing overhead ? ? SI Variable costing unit product cost 2 2 S2 53 Construct the Variable Coating Income Statement Year 1 56 Variable expenses 57 Vantecost of goods sold 58 Variable sing and depenses 59 Cobution margin 2 ? 7 61 Filed manufacturing the 62 Fredseling and antive expenses 63 operating into 64 55 Year 2 2 ? 2 7 2 68 69 70 71 72 23 74 75 Chapter Form +

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