Biology Forums - Study Force

Etters Manufacturing Company has provided the following financial data for its most recent month.

Unit selling price	$      18
Variable costs per unit:	​
Direct materials	6
Direct labor	4
Manufacturing overhead	3
Selling and administrative costs	1
Fixed costs:	​
Manufacturing overhead	12,000
Selling and administrative costs	8,000
​	​
Units in beginning inventory	0
Units produced	10,000
Units sold	9,500

Required:

Prepare an income statement using an absorption costing format.

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