Bernardo Company reported the following units of production and sales for August and September 2018:...
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Accounting
Bernardo Company reported the following units of production and sales for August and September 2018:
| Units | ||
| Month | Produced | Sold |
| August 2018 | 100,000 | 90,000 |
| September 2018 | 100,000 | 105,000 |
Net income under absorption costing for August was $40,000; net income under variable costing for September was $50,000. Fixed manufacturing costs were $600,000 for each month. How much was net income for September using absorption costing?
a. $40,000
b. $80,000
c. $20,000
d. $50,000
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