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Question: Review given problem:
Period 1
Period 2
Qty. produced
12,000
11,000
Qty. Sold
Sell price each
$40
Variable cost each
$15
Variable selling expense each
$2
Fixed manufacturing overhead
$130,000
$30,000
Fixed Selling & Admin Expense
$80,000
Beginning inventory
0
compute
Ending inventory
i. Compute beginning inventory of period 2.
ii. Compute ending inventory of period 1.
A. Produce for period 1 variable format income statement
B. Produce for period 1 FAC format income statement
C. Produce for period 2 variable format income statement
D. Produce for period 2 FAC format income statement.
Information related to above question is enclosed below:
Attachment:- 81554_1391849_Ch6HW---NOEXCEL.rar
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