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Felix & Co. reports the following information about its sales and cost of sales. ...

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Accounting

Felix & Co. reports the following information about its sales and cost of sales.

Period UnitsSold Cost of Sales Period UnitsSold Cost of Sales
1 0 $ 2,500 6 2,000 5,500
2 400 3,100 7 2,400 6,100
3 800 3,700 8 2,800 6,700
4 1,200 4,300 9 3,200 7,300
5 1,600 4,900 10 3,600 7,900

Hint: (Draw an estimated line of cost behavior using a scatter diagram offline.)

Complete the below table to calculate the fixed cost and variable cost of sales by using the high-low method.

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