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What is the correct answer instead of cost of goods sold? Blossom Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold
What is the correct answer instead of cost of goods sold?
Blossom Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers. For the year 2022, management estimates the following revenues and costs. Prepare a CVP income statement for 2022 based on management's estimates. (Round per unit answers to 3 decimal places, e.g. 0.251.) BLOSSOM COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2022 Total $ 1850000 Sales Variable Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Variable Expenses Contribution Margin Fixed Expenses Cost of Goods Sold Selling Expenses Administrative Expenses Total Fixed Expenses Net Income/(Loss) \begin{tabular}{|r|r|} \hline 111000 & i \\ \hline \\ \hline 24000 & i \\ \hline \end{tabular} Per Unit $ Total Variable Expenses Selling Expenses Total Fixed Expenses Administrative Expenses Fixed Expenses Contribution Margin Gross Profit Cost of Goods Sold Sales Net Income/(Loss) Variable Expenses Manufacturing OverheadStep by Step Solution
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