On October 31, the end of the first month of operations, Moristown & Co. prepared the...

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On October 31, the end of the first month of operations, Moristown & Co. prepared the following income statement based on absorption costing: Morristown & Co. Absorption Costing Income Statement For Month Ended October 31, 20- 1 Sales (2,600 units) $117000.00 : Cost of goods sold: Cost of goods manufactured $85,500.00 Less ending inventory (400 units) 11,400.00 s Cost af goods sold 74,100.00 Gross profit $42,900.00 7 Selling and administrative expenses 21,500.00 Income from operations $21,400.00 IY the foxed manutacturing costs were 542,900 and the varlable seling and administrative expenses were $14,600, prepare an income statement using vartable conting Reher to the ts of Labels and Amount Descriptions for the exact wording of the answer cholces for text entries. Be sure to complete the statement heading. Ad colon () wil automaticaly appear required. Ita net ioss is incured, enter that amount as a negative number using a minus sign. Morristown & Co. Variable Costing Income Statement Label) 2 Variable cast of goods sold: %3D Labe -11 On October 31, the end of the first month of operations, Moristown & Co. prepared the following income statement based on absorption costing: Morristown & Co. Absorption Costing Income Statement For Month Ended October 31, 20- 1 Sales (2,600 units) $117000.00 : Cost of goods sold: Cost of goods manufactured $85,500.00 Less ending inventory (400 units) 11,400.00 s Cost af goods sold 74,100.00 Gross profit $42,900.00 7 Selling and administrative expenses 21,500.00 Income from operations $21,400.00 IY the foxed manutacturing costs were 542,900 and the varlable seling and administrative expenses were $14,600, prepare an income statement using vartable conting Reher to the ts of Labels and Amount Descriptions for the exact wording of the answer cholces for text entries. Be sure to complete the statement heading. Ad colon () wil automaticaly appear required. Ita net ioss is incured, enter that amount as a negative number using a minus sign. Morristown & Co. Variable Costing Income Statement Label) 2 Variable cast of goods sold: %3D Labe -11 On October 31, the end of the first month of operations, Moristown & Co. prepared the following income statement based on absorption costing: Morristown & Co. Absorption Costing Income Statement For Month Ended October 31, 20- 1 Sales (2,600 units) $117000.00 : Cost of goods sold: Cost of goods manufactured $85,500.00 Less ending inventory (400 units) 11,400.00 s Cost af goods sold 74,100.00 Gross profit $42,900.00 7 Selling and administrative expenses 21,500.00 Income from operations $21,400.00 IY the foxed manutacturing costs were 542,900 and the varlable seling and administrative expenses were $14,600, prepare an income statement using vartable conting Reher to the ts of Labels and Amount Descriptions for the exact wording of the answer cholces for text entries. Be sure to complete the statement heading. Ad colon () wil automaticaly appear required. Ita net ioss is incured, enter that amount as a negative number using a minus sign. Morristown & Co. Variable Costing Income Statement Label) 2 Variable cast of goods sold: %3D Labe -11 On October 31, the end of the first month of operations, Moristown & Co. prepared the following income statement based on absorption costing: Morristown & Co. Absorption Costing Income Statement For Month Ended October 31, 20- 1 Sales (2,600 units) $117000.00 : Cost of goods sold: Cost of goods manufactured $85,500.00 Less ending inventory (400 units) 11,400.00 s Cost af goods sold 74,100.00 Gross profit $42,900.00 7 Selling and administrative expenses 21,500.00 Income from operations $21,400.00 IY the foxed manutacturing costs were 542,900 and the varlable seling and administrative expenses were $14,600, prepare an income statement using vartable conting Reher to the ts of Labels and Amount Descriptions for the exact wording of the answer cholces for text entries. Be sure to complete the statement heading. Ad colon () wil automaticaly appear required. Ita net ioss is incured, enter that amount as a negative number using a minus sign. Morristown & Co. Variable Costing Income Statement Label) 2 Variable cast of goods sold: %3D Labe -11

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