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Sales Absorption Costing Income Statement Cost of Goods Sold: $ 1662500 Beginning Inventory $ Variable Costs Fixed Cost Less: Ending Inventory Cost of Goods Sold Administrative expense Net Income b. Calculate reported income for the bank. Do not use negative signs with any answers. Variable Costing Income Statement $ Sales Cost of Goods Sold: Beginning Inventory $ Variable Costs Variable cost of goods sold Fixed costs: Administrative Expense Total Fixed Cost Net Income ÷ $

Sales Absorption Costing Income Statement Cost of Goods Sold: $ 1662500 Beginning Inventory $ Variable Costs Fixed Cost Less: Ending Inventory Cost of Goods Sold Administrative expense Net Income b. Calculate reported income for the bank. Do not use negative signs with any answers. Variable Costing Income Statement $ Sales Cost of Goods Sold: Beginning Inventory $ Variable Costs Variable cost of goods sold Fixed costs: Administrative Expense Total Fixed Cost Net Income ÷ $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sales Absorption Costing Income Statement Cost of Goods Sold: $ 1662500 Beginning Inventory $ Variable Costs Fixed Cost Less: Ending Inventory Cost of Goods Sold Administrative expense Net Income b. Calculate reported income for the bank. Do not use negative signs with any answers. Variable Costing Income Statement $ Sales Cost of Goods Sold: Beginning Inventory $ Variable Costs Variable cost of goods sold Fixed costs: Administrative Expense Total Fixed Cost Net Income ÷ $
Transcribed Image Text:Sales Absorption Costing Income Statement Cost of Goods Sold: $ 1662500 Beginning Inventory $ Variable Costs Fixed Cost Less: Ending Inventory Cost of Goods Sold Administrative expense Net Income b. Calculate reported income for the bank. Do not use negative signs with any answers. Variable Costing Income Statement $ Sales Cost of Goods Sold: Beginning Inventory $ Variable Costs Variable cost of goods sold Fixed costs: Administrative Expense Total Fixed Cost Net Income ÷ $
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