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Use the correct format as per directions please question #6 too please. Practice Problem #1 It's a Wonderful Life, Inc. had the below manufacturing and
Use the correct format as per directions please
question #6 too please.
Practice Problem \#1 It's a Wonderful Life, Inc. had the below manufacturing and administrative costs for the month of August 2022 . Sales Price Per Unit Directions: All calculations must be displayed using Words \& Numbers This problem includes Ending Inventory. Therefore, students are required to use the income statement format included in the Canvas Demonstration Video. 1) Calculate the units in ending inventory. 2) Calculate the product cost per unit for Absorption Costing. 3) Calculate the product cost per unit for Variable Costing. 4) Prepare an Absorption Costing Income Statement for the Month of August 2022 (Use the same format as the Demonstration Problem. The income statements must include units, sales price per unit, and an itemized calculation for Cost of Goods Sold - same as Demonstration Video). 5) Prepare an Variable Costing Income Statement for the Month of August 2022 (Use the same format as the Demonstration Prablem). The income statements must include units, sales price per unit, and an itemized calculation for Cost of Goods Sold - same as Demonstration Video). 6) Prepare the two-step reconciliation for the two statements. It's a Wonderful Life, Inc. had the below manufacturing and administrative costs for the month of August 2022 . Directions: All caleulations must be displayed using Words \& Numbers This problem includes Ending Inventory. Therefore, students are required to use the income statement format included in the Canvas Demonstration Video. 1) Calculate the units in ending inventory. 2) Calculate the product cost per unit for Absorption Casting. 3) Calculate the product cost per unit for Variable Costing. 4) Prepare an Absorption Costing Income Statement for the Month of August 2022 (Use the same format as the Demonstration Problem. The income statements must include units, sales price per unit, and an itemized calculation for Cost of Goods 5old - same as Demonstration Video). 5) Prepare an Variable Costing Income Statement for the Month of August 2022 (Use the same format as the Demonstration Problem). The income statements must include units, sales price pen unit, and an itemized calculation for Cost of Goods Sold - same as Demonstration Video). 6) Prepare the two-step reconciliation for the two statementsStep by Step Solution
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