Variable Costing Income Statement 1.) Calculate the cost of goods sold under variable costing. 2.) Prepare an income statement using variable costing.

Use the following information for Brief Exercises 3-32 and 3-33: During the most recent year, Beyta Company had the following data: Units in beginning inventory Units produced Units sold ($60 per unit) Variable costs per unit: 10,000 8,800 Direct materials Direct labor Variable overhead $12 $7 $5 Fixed costs: Fixed overhead per unit produced Fixed selling and administrative $8 $138,000