Information from Peter Company's records for the year ended December 31, 2018 is available as follows:...

 

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Information from Peter Company's records for the year ended December 31, 2018 is available as follows: Units sold 60,000 Net sales P1,400,000 Cost of goods manufactured: Variable 630,000 Fixed 315,000 Units manufactured 70,000 Operating expenses: Variable P98,000 Fixed 140,000 FG inventory, beg. None 7. Under the absorption costing method, Peter's operating income for 2018 would be Information from Peter Company's records for the year ended December 31, 2018 is available as follows: Units sold 60,000 Net sales P1,400,000 Cost of goods manufactured: Variable 630,000 Fixed 315,000 Units manufactured 70,000 Operating expenses: Variable P98,000 Fixed 140,000 FG inventory, beg. None 7. Under the absorption costing method, Peter's operating income for 2018 would be

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To calculate Peter Companys operating income for 2018 using the absorption costing method we need to ... View the full answer