Wilson company makes hockey sticks. The costs and prices are below.

Selling-23

Variable-11

Selling- 2.00

Fixed (FOH) 900,000

Fixed selling and admin-340,000

Assume wilson produced 500,000 units and sold 250,000. There was no beginning inventory and all costs were incrued.

What would ending inveotry value be under variable costing?

What would ending inventory be under full absorption costing?

Prep and income statement to determine net income under variable costing

Prep statement to determine under full costing