Chapter $21$ Homework Estimated Income Statements, using AI Prior to the first month of operations ending January $31,$ Lemke Inc estimated the following operating resuits: Sales $(18,400566)$ $$1,214,400$ Manufacturing costs units$)$: Direct materials $I_{726,800}$ Direct labor $172,960$ Variable factory overhead $80,960$ Fixed factory overhead $95,680$ Fixed selling and administrative expenses $26,000$ Variable selling and administrative expenses $31,500$ The company is evaluating a proposal to manufacture $20,800$ units instead of $18,400$ units, thus creating an ending inventory of $2,400$ units. Manufacturing the additional units will not change sales, unit variable factory overhead costs, total foxed factory overhead cost, or total selling and administrative expenses a$.1.$ Prepare an estimated income statement, comparing operating results if $18,400$ and $20,800$ units are manufactured in the absorption costing format. If an amount box does not require an entry leave it blank Lemke inc. Absorption Costing Income Statement Previous Next total selling and administrative expenses. a$.1.$ Prepare an estimated income statement, comparing operating results if $18,400$ and $20,800$ units are manufactured in the absorption costing format. If an amount box does not require an entry leave it blank. Lemke inc. Absorption Costing income Statement For the Month Ending January $31$ Line ltem Description Sales $$ Cost of goods sold: $18,400$ Units $20,800$ Units Manufactured Manufactured S$,$ S Feedback Check My Work