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Prepare income statements for each year using both the Full Costing and the Variable Costing methods. 2. Reconcile any difference in net income each

 

Prepare income statements for each year using both the Full Costing and the Variable Costing methods. 2. Reconcile any difference in net income each year. last 3 years: Unit sales Unit sales price Production in units Beginning inventory-units Ending inventory-units Unit variable production costs Unit S and A costs Fixed overhead costs Fixed S and A costs 2016 10,000 $ 15 10,000 -0- -0- $8 $ 0.50 $30,000 $20,000 following activity during the 2017 8,000 $15 10,000 -0- 2,000 $8 $ 0.50 $30,000 $20,000 2018 12,000 $15 10,000 2,000 -0- $8 $ 0.50 $30,000 $20,000

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