Please include formulas

o E F G H L M N o P Problem 3 Walsh company provided following information for August Beginning inventory August 1 Units produced during August Units sold during August Selling price per unit 5.000 units 30.000 units 28.000 units $75 per unit The cost information for August are as follows: Total costs Number of units Unit cost 110.000 50 000 160.000 5.000 5.000 22 10 Beginnentory: Manufactura coats Variable Fixed Total Current Period: Manufacturing costs Variable Fixed Tot Selling and Admin Expenses Variable Fixed Total 750.000 450.000 1.200.000 30.000 30.000 25 15 40 28 0001 8 224,000 160.000 384.000 Required: Assuming that Walshuse PFO inventory coating method prepare an income statement for August using A Absorption Costing Vanibale Costing Solution A Absorption Costing Income Statement Sales Costs of Goods Sold Beginning inventory Plus, Cosis of Goods Manufactured Less Ending Inventory Total Costs of Goods Sold Gross Pront less Selling and Administrative expenses Income from Operation Variable Costing Income Statement Sales Variable costs of Goods Sold Beginning inventory Variable Manufacturing costs less Ending Inwentary Total Variable cogs Manufacturing Marcin Less Variable Selling and Administrative Expenses Contribution mangin Less Fixed costs Fixed manufacturing costs Fixed Selling and Administrative expenses Total Exed costs Income from Operation