Prepare income statements for in January, February, and March under

 (a) variable costing and 

(b) absorption costing. 

Unit data: 

 

1 Data Table Unit data: Beginning inventory Production Sales Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ $ $ $ GA January 0 1,500 1,350 February 1,000 $ 800 $ 525,000 $ 130,000 $ 150 1,400 1,400 1,000 $ 800 $ 525,000 $ 130,000 $ March PUT 150 1,520 1,530 1,000 800 525,000 130,000 X