Variable and Absorption Casting-Three Products Winslow Inc. manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues Cest of goods sold Gross profit $394,000 $248,300 $206,000 (204,900) (121,600) (138,000) $189.100 $126,400 $68,000 (162,600) (91,200) (113,600) $26,500 $35,400 $(45.600) In addition, you have determined the following information with respect to ated fed cts Selling and administrative expenses Operating income Cross Golf Running Training Shoes Shoes Shoes Fixed costs Cost of goods sold Selling $63,000 $32,300 $38,800 7,300 29.800 28,000 These and costs are used to support al ves product lines and will not change with the elimination of any ine product. In addition, you have determined that the effects of inventory may be ignored The management of the company has deems the peperance of the running shoe linea shot the Management dot expect t be able to increase sales in the other bones Hove A management the profes of the company to by 43,400 Are management's decon and conclusion Matment and convena Check My Work Check My Working Next 20 $ 44 888 C % 95 R T F 3 16 47 I 8 ~9 0 Y U I O P G H J K L V B N M V- H V . T