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Sales (96,000 units) $4,440,000 Cost of good sold: Cost of good manufactured $3,120,000 Less ending inventory (24,000 units) 624,000 Cost of good sold $2,496,000 Gross
Sales (96,000 units) $4,440,000
Cost of good sold:
Cost of good manufactured $3,120,000
Less ending inventory (24,000 units)624,000
Cost of good sold $2,496,000
Gross profit $1,944,000
Selling and administrative expenses 288,000
Income from operations $1,656,000
Assuming that the fixed manufacturing costs were $132,000 and the variable selling and administrative expenses were $115,200.
How do I find out the absorption costing income from operation and the variable costing income from operations?
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