Req 2B include advertising, beginning merchandise inventory, commissions, cost of good sold,depreciation, ending merchandise inventory, fixed manufacturing overhead, indirect labor, indirect materials, purchased, sales, selling and administrative expense

WILL RATE

Lynch Company marsufactures and sells a single product. The following costs were incurced duriog the cornpanys first year of operations: During the yoar, the company produced 36,000 units and sold 18,000 units. The selling price of the company's product is $55 per unit. Required: 1. Assume that the company uses absorption costing a. Compute the unit product cost. 6. Prepare an income statenicat for tite yeal. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statenent for the yeat. Complete this question by entering your answers in the tabs below. Compute the unit prodect cost. Assurne that the comgany uses atrorption conting Lynch Company manulactures and sells a single product. The fotlowing costs were incurted duting the company's first year of operations During the yeat, the company produced 36,000 units and sold 18,000 units. The selling price of the company's product is $55 Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the year 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year Asstime that the company uses absorption costing. Lynch Company manufactures and sells a single product. The following costs were incutred during the company': first yeat of operabons During the year, the company produced 36,000 units and sold 18,000 units. The selling price of the company's prochuct is $55 per unit Required: 1. Assume that the company uses absorption costing: a. Compute the unit product cost. b. Prepare an income statement for the yeat. 2. Assume that the company uses variable costing: . Compute the unit product cost. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Compute the unit product cost. Assurne wat the company uses variable costing: a. Compute the unt prochict cost: b. Prepare an income statement for the yeat. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Propare an income statement for the year, Assume that the company uses variable costing. Complete this question by entering your answers in the tabs b Prepare an income statement for the year. Assume that the company a compute the unit prociuct cost. b. Prepare an income statement for the year. 2. Assume that the company uses variable costing: a. Compute the unit product cost. b. Prepare an income statement for the year. Complete this question by entering your answers in the tabs below. Prepare an income-statement for the year. Assume that the company uses varial