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    Betchang Aquino
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    The document is an income statement for ANJY Corporation using absorption costing for December 31, 201A. It shows units produced as 20,000, units sold as 19,000, and a selling price per unit of $150. Total sales were $2,850,000 and cost of goods sold was $398,050, resulting in a gross profit of $2,451,950.

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    The document is an income statement for ANJY Corporation using absorption costing for December 31, 201A. It shows units produced as 20,000, units sold as 19,000, and a selling price per unit of $150. Total sales were $2,850,000 and cost of goods sold was $398,050, resulting in a gross profit of $2,451,950.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views1 page

    Book 1

    Uploaded by

    Betchang Aquino
    The document is an income statement for ANJY Corporation using absorption costing for December 31, 201A. It shows units produced as 20,000, units sold as 19,000, and a selling price per unit of $150. Total sales were $2,850,000 and cost of goods sold was $398,050, resulting in a gross profit of $2,451,950.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Units Produced 20,000

    Units Sold 19,000


    Selling price per unit 150
    Direct material costs 20
    Direct labor 15
    Variable manufacturing overhead 50
    Variable selling costs 20
    Fixed manufacturing costs 460,000
    Fixed administrative costs 280,000

    ANJY Corporation
    Income Statement (Absorption Costing)
    December 31, 201A

    Sales (19,000 x 150) =


    Less: Cost of Goods Sold (19,000 x 20.95

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