How do I prepare the gross profit computations for 2015 and 2016 using absorption costing?

BusinessCourse Return to course Question 1 Incomplete answer Marked out of 1.60 Flag question Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $56, of which $38 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $ per unit and the cont structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 2015 120,000 90,600 2016 120,006 136,000 a. Prepare gross profit computations for 2015 and 2016 using absorption costing Do not use negative signs with your answers. Absorption Costing 2015 2016 hates $ 7,830.000 $11.310.090 Cost of goods sold; Beginning inventory 1,680,090 Production Goods available Less: Ending inventory Cost of goods sold Gross profit 0 5 b. Prepare gross profit computations for 2015 and 2016 using variable costing Do not use negative signs with your answers. Variable Costing 2015 2016 Sales Variable cost of goods sold: Beginning inventory Production Goods available Less Ending inventory Variable cost of goods sold 0 Less: Fixed manufacturing costs Gross profit O c. Explain how your answers illustrate the impact of differences between production and sales volumes on the gross profits reported each year under absorption and variable costing Select the most appropriate statement