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I Tried To Find The Value For The Selling And Administrative Expenses And The Operating Income And I

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quot;Iquot; (‘3)
Your answer is partially correct. Try again. Prepare an absorption-costing income statement for the first month of operation. Fresh Air Products Income Statement-Absorption Costing
For the first month of operations Sales ¢ 990000
Cost of goods sold ¢ 1} Beginning inventory $-
– Costs of goods manufactured ¢ 450000
Goods available for sale ¢ 450000
– Ending inventory ¢ 45000 405000
— 585000 4} Gross margin I! [ Less ¢ Selling and administrative expenses ¢ I! Operating income before tax ¢ Managerial Accounting