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a$.$ Prepare an income statement according to the absorption costing concept for the month ending February $28.$

Fresno Industries Inc.

Absorption Costing Income Statement

For the Month Ended February $28$

Sales $v$

Cost of goods sold:

Beginning inventory $$

Cost of goods manufactured grad$$

Total cost of goods sold $$

Gross profit $$

Selling and administrative expenses $vv$

Assignment Score: $49\mathrm{.}14\%$

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