HELP

Absorption and Variable Costing Income Statements During the first month of operations ended July 31, YoSan Inc, manufactured 2,400 flat panel televisions, of which 2,000 were sold. Operating data for the month are summarized as follows: Sales $2,150,000 Manufacturing costs: Direct materials $960,000 Direct labor 420,000 Variable manufacturing cost 156,000 Fixed manufacturing cost 288,000 1,824,000 Selling and administrative expenses: Variable $204,000 Fixed 96,000 300,000 Required: 1. Prepare an income statement based on the absorption costing conce YoSon Inc. Absorption Costing Income Statement For the Month Ended July 31 Manufacturing margin 2.150.000 Cost of goods sold