163 Question D Some data is presented for Pitt Corporation below. 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 Pitt Corporation began operations in 20X1 to manufacture a single product. Relevant data for the year follow. There are no work-in-pr OPERATING DATA FOR 20X1 Quantities: Beginning inventories, finished goods Units produced during the year Units sold during the year Costs: Direct materials ($26 per unit) Direct labor ($24 per unit) Variable factory overhead ($10 per unit) Fixed factory overhead Variable selling and administrative expenses ($7 per unit) Fixed selling and administrative expenses Selling price for each unit INSTRUCTIONS 1. Prepare an income statement for 20X1 using direct costing. -0- 5,000 4,800 $130,000 120,000 50,000 125,000 33,600 75,000 125

Question D Some data is presented for Pitt Corporation below. Pitt Corporation began operations in 20X1 to manufacture a single product. Relevant data for the year follow. There are no workin-p