Question: Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $56, of which $38 is varlable. No units were
Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $56, of which $38 is varlable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $87 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Seld 20,000 90,000 20,000 130,000 2015 2016 Prepare gros profi computations for 2015 and 26 using abooincoin Do not use negative signs with your answers Absorptien Costing 2015 2016 Sales Cost of goods sold Begivning inventory Prodution Goods avalab Less Ending inve Cost of goods sold Gross proft
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