Inventory Valuation under Absorktion Costing and Varlable Costiog. At the end of the first year
of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing
costs during the year nere as foligs: This information has been collected in the Microsoft Excel
Ooilne file. Open the spreadreet, perform the required analylig, and incut your answers in the
euestion be Open spresiahert Determine the cost of the finished goods imventory reported on the
balance theet under (a) the absarpbon costirg concept and (b) the variable costing concept.
Absorption costing Varable costing $ Income statements under Ahisorution Costong and
Variable Costing Grazy Mountain Sports inc- assembies and selis snowmoble engines. The
company began operations on March t and operated at 100ts of capocity doring the first month.
The following date summarite the results for Maroh? a. reyuirea, round interim per-unit
calculations to the nearest cent. This information has been collected in then Micronoft Excel
Owline file. Open the spreadsheet, perform the required analysin, and input your answers in the
questiond below. Open spceadpheet a. Prepare an income statement accofding to the absorption
costing concept. Crary Mountain Sports Ine. Absorption Costing Income Statement For the
Month Ended July 31 a. Prepare an income statement according to the absorption costing
concept. Crazy Mountain 5 ports Inc. Absorption Costing Income 5 tatement For the Month
Ended Julv 31 b. Prepare an income statement according to the variable costing concept. b.
Prepare an income statement according to the yariable costing concept. c. What as the reason for
the differenoe in the amount of operating income reported in (a) and (b)? Under the method, the
fixed manufacturing cost included in the cort of goods sold is matched with the revenues, Under
of the fixed manutacturing cost is deducted in the pediod in which it is incurred, regardiess of the
ampunt of inveneory change. Thus, when in.entery increases, the income statement will have a
Aigher operating income..
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Inventory Valuation under Absorktion Costing and Varlable Costiog- At.pdf
1. Inventory Valuation under Absorktion Costing and Varlable Costiog. At the end of the first year
of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing
costs during the year nere as foligs: This information has been collected in the Microsoft Excel
Ooilne file. Open the spreadreet, perform the required analylig, and incut your answers in the
euestion be Open spresiahert Determine the cost of the finished goods imventory reported on the
balance theet under (a) the absarpbon costirg concept and (b) the variable costing concept.
Absorption costing Varable costing $ Income statements under Ahisorution Costong and
Variable Costing Grazy Mountain Sports inc- assembies and selis snowmoble engines. The
company began operations on March t and operated at 100ts of capocity doring the first month.
The following date summarite the results for Maroh? a. reyuirea, round interim per-unit
calculations to the nearest cent. This information has been collected in then Micronoft Excel
Owline file. Open the spreadsheet, perform the required analysin, and input your answers in the
questiond below. Open spceadpheet a. Prepare an income statement accofding to the absorption
costing concept. Crary Mountain Sports Ine. Absorption Costing Income Statement For the
Month Ended July 31 a. Prepare an income statement according to the absorption costing
concept. Crazy Mountain 5 ports Inc. Absorption Costing Income 5 tatement For the Month
Ended Julv 31 b. Prepare an income statement according to the variable costing concept. b.
Prepare an income statement according to the yariable costing concept. c. What as the reason for
the differenoe in the amount of operating income reported in (a) and (b)? Under the method, the
fixed manufacturing cost included in the cort of goods sold is matched with the revenues, Under
of the fixed manutacturing cost is deducted in the pediod in which it is incurred, regardiess of the
ampunt of inveneory change. Thus, when in.entery increases, the income statement will have a
Aigher operating income.
