Ramon Company reported the following units of production and sales for June and July: Month June July Produced 100,000 100,000 Units Sold 90,000 105,000 Income under absorption costing for June was $40,000; income under variable costing for July was $50,000. Fixed costs were $600,000 for each month. There were no beginning inventories for June. 4 How much was the income for July using absorption costing? a. $80,000 b. $20,000 c. $40,000 d. $50,000

Ramon Company reported the following units of production and sales for lune and July: inventories for Jume. How much wis the income for July using absorption costing? a. $50.000 b. $20,000 c. $40.000 4. 350,000 Ramon Company reported the following units of production and sales for June and July: inventories for thane. How much was the income for July using abrorption costing? 2. 500,000 D. 520000 c. $40,000 d. 350,000