Trez company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The absorption costing income statement follows for this year is in the photo There is a blue chart with a bunch of fill in the blanks Prepare an income statement for the company under variable costing. The second section with fill in the blanks saysThe dollar difference in variable costing income and absorption costing income =blank units x blank fixed overhead per unit

Help Save & Exit Check my 16 Sales (80,000 units x $45 per unit) Cost of goods sold $3,600, 000 Beginning inventory $ Cost of goods manufactured (100,000 units x $25 per unit) 2,500, 000 Cost of goods available for sale 2,500, 000 Ending inventory (20,000 x $25) 500, 080 points Cost of goods sold 2,080, 000 Gross margin 1, 600, 000 Skipped Selling and administrative expenses 580,000 Net income $1, 020, 090 eBook Additional Information Print a. Selling and administrative expenses consist of $400,000 in annual fixed expenses and $2.25 per unit in variable selling and administrative expenses. b. The company's product cost of $25 per unit is computed as follows. Direct materials $5 per unit Direct labor $9 per unit Variable overhead $ 3 per unit Fixed overhead ($800,000 / 100,000 units) $ 8 per unit