Walsh Company manufactured 30,000 units during July. There were no units in inventory on July 1....

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Walsh Company manufactured 30,000 units during July. There were no units in inventory on July 1. Costs and expenses for July were as follows: Total cost Number of units Unit cost Manufacturing costs: Variable Fixed Total Selling and administrative expenses: Variable Fixed Total $660,000 300,000 $960,000 iii. $200,000 160,000 $360,000 30,000 30.000 I $22.00 10.00 i. If the company sells 30,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using a) Absorption costing b) Variable costing. ii. If the company sells 25,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using a) Absorption costing b) Variable costing. If the company had a beginning balance of 10,000 units and sells 35,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using a) Absorption costing b) Variable costing. Assume Per Unit Costs and variable costs were same last year, Walsh Company manufactured 30,000 units during July. There were no units in inventory on July 1. Costs and expenses for July were as follows: Total cost Number of units Unit cost Manufacturing costs: Variable Fixed Total Selling and administrative expenses: Variable Fixed Total $660,000 300,000 $960,000 iii. $200,000 160,000 $360,000 30,000 30.000 I $22.00 10.00 i. If the company sells 30,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using a) Absorption costing b) Variable costing. ii. If the company sells 25,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using a) Absorption costing b) Variable costing. If the company had a beginning balance of 10,000 units and sells 35,000 units at $75 (units manufactured exceed units sold), prepare an income statement for July using a) Absorption costing b) Variable costing. Assume Per Unit Costs and variable costs were same last year,

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To prepare income statements using absorption costing and variable costing for the three scenarios mentioned well calculate the cost of goods sold and ... View the full answer