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a.
Sales (420,000 units)
Cost of goods sold: Unit Cost ×Units
Cost of goods manufactured
Less ending inventory
Cost of goods sold
Gross profit
Selling and administrative expenses
Income from operations
Supporting calculation:
Unit cost:
Variable cost of goods manufactured
Fixed manufacturing costs
Total cost of goods manufactured
Total units produced
Unit cost
b.
Absorption costing income from operations
Variable costing income from operations
Difference
Reconciliation:
Unit change in inventory
Fixed overhead per unit
Income from operations difference
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Instructions
TUDOR MANUFACTURING CO.
Income Statement - Absorption Costing
For the Month Ended June 30, 2014
Exercise 19(4)-28
Name:
Section:
0%
An asterisk (*) will appear to the right of an incorrect entry.
a.
Sales (420,000 units) 7,450,000$
Cost of goods sold: Unit Cost ×Units
Cost of goods manufactured $14.32 500,000 7,160,000$
b.
Income Statement - Absorption Costing
For the Month Ended June 30, 2014
ON
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Instructions
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Exercise 19-28
Name:
Solution
Section:
TUDOR MANUFACTURING CO.
