Read the attached PDF document regarding Absorption and Variable costing methods and the instructions for the question. Write your answer in the box below: (15 points) OPENING STOCK PRODUCTION COST CLOSING STOCK COST OF SALES FIXED COSTS TOTAL COSTS SALES GROSS PROFIT NON- MANUFACTURING COSTS NET PROFIT PERIOD 1 PERIOD 2 PERIOD 3 Please fill in the following tables using ABSORPTION COSTING METHOD from the given information in the Pdf file: OPENING STOCK PRODUCTION COST CLOSING STOCK COST OF SALES FIXED COSTS TOTAL COSTS SALES GROSS PROFIT PERIOD 1 PERIOD 2 PERIOD 3 ABSORPTION VS. VARIABLE COSTING METHOD: The following information is available for periods 1-3 for your company. You produce just one type of product: Unit selling price $ 6500 Unit variable cost $ 3300 Fixed costs per period $ 300,000 You are expected to produce and deliver 150 units of products per period and production and sales for each period are as follows: Units sold Units produced Period 1 period 2 period 3 150 140 160 150 170 140 Assume that non-manufacturing overheads are $100,000 per period. ABSORPTION VS. VARIABLE COSTING METHOD: The following information is available for periods 1-3 for your company. You produce just one type of product: Unit selling price Unit variable cost Fixed costs per period $6500 5 3300 $300,000 You are expected to produce and deliver 150 units of products per period and production and sales for each period are as follows: Units sold Units produced Period 1 period 2 period 3 150 140 160 150 170 140 Assume that non-manufacturing overheads are $100,000 per period. Read the attached PDF document regarding Absorption and Variable costing methods and the instructions for the question. Write your answer in the box below: (15 points) OPENING STOCK PRODUCTION COST CLOSING STOCK COST OF SALES FIXED COSTS TOTAL COSTS SALES GROSS PROFIT NON- MANUFACTURING COSTS NET PROFIT PERIOD 1 PERIOD 2 PERIOD 3 Please fill in the following tables using ABSORPTION COSTING METHOD from the given information in the Pdf file: OPENING STOCK PRODUCTION COST CLOSING STOCK COST OF SALES FIXED COSTS TOTAL COSTS SALES PERIOD 1 PERIOD 2 PERIOD 3 GROSS PROFIT