Question: use correct format as per directions please. Practice Problem #a Directions: All calculetions must be displayed using Words a Numbers This problem includes Beginning Inventary.

 use correct format as per directions please. Practice Problem \#a Directions:

use correct format as per directions please.

Practice Problem \#a Directions: All calculetions must be displayed using Words a Numbers This problem includes Beginning Inventary. Therefore, students are required to use the income statement format included in the Exhibit 5 in the textbook. 1) Calculate the units in beginning inventory. 2) Calculate the product cost per unit for Absorption Costing. 3) Calculate the product cost per unit for Variable Costing. 4) Prepare an Absorption Costing Income Statement for the Month of August 2022 (Use the same format as Exhibit 5 in the textbook). The income statements must include units. sales price per unit, and an itemized calculation for Cost of Goods Sold - same as Exhibit 5 in the textboak). 5) Prepare an Variable Costing Incame Statement for the Month of August 2022 (Use the same format as Exhibit 5 in the textbook). The income statements must include units, sales price per unit, and an itemized calculation for Cost of Goods sold - same as Exhibit 5 in the textbook). 6) Prepare the two-step reconciliation for the two statements

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