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Q.3 Green Company produces and sells one product. The company produced 4.000 units and sold 4.200 units during the year 2019. Unit costs and other
Q.3 Green Company produces and sells one product. The company produced 4.000 units and sold 4.200 units during the year 2019. Unit costs and other related information for the year 2019 are as follow: Unit costs: - Direct Material - Direct Labor - Variable Overhead - Fixed Overhead :9 TL : 7 TL :2 TL :3 TL : Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses Beginning Finished Goods Inventory Beginning Finished Goods Inventory 1 TL per unit sold : 3.800 TL : 12.000 TL 1: 800 Units Profit before tax is 16.000 TL under variable costing using FIFO method. There were no beginning and ending work in process inventories. Required: Prepare variable costing income statement for 2019 using weighted average method
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