Question: Required 1 Required 2 Prepare an income statement for the year using absorption costing. SIMS COMPANY Income Statement (Absorption Costing) 0 $0 Exercise 19-7 (Algo)

Required 1 Required 2 Prepare an income statement for the year

Required 1
Required 2

Prepare an income statement for the year using absorption costing.

SIMS COMPANY
Income Statement (Absorption Costing)


	0

	$0

Exercise 19-7 (Algo) Income reporting under absorption costing and variable costing LO P2 SIms Company began operations on January 1. Its cost and sales Information for thls year follow. 1. Prepare an income statement for the year using varlable costing. 2. Prepare an income statement for the year using absorption costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using variable costing

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