1. Variable-Costing Income Statement

   During the most recent year, Osterman Company had the following data:

   Units in beginning inventory
   Units produced	10,000
   Units sold ($47 per unit)	9,300
   Variable costs per unit:
   Direct materials	$9
   Direct labor	$6
   Variable overhead	$4
   Fixed costs:
   Fixed overhead per unit produced	$5
   Fixed selling and administrative	$138,000

   Required:

   1. Calculate the cost of goods sold under variable costing.

   $

   2. Prepare an income statement using variable costing. Enter amounts as positive numbers.

   Osterman Company
   Income Statement under Variable Costing
   For the Most Recent Year
   		$
   		$
   	$
   		$