Gregson Enterprises, in its first year of operations, reported the following information: Selling Price per...
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Accounting
Gregson Enterprises, in its first year of operations, reported the following information:
Selling Price per unit $100
Direct Materials per unit $5
Direct Labor per unit $1
Unit-related Overhead per unit $6
Selling Cost per unit $2
Batch-related Overhead for the year $500,000
Facility-sustaining Overhead for the year $800,000
Fixed Administrative Cost for the year $650,000
Units Produced 20,000
Units Sold 15,000
Prepare an income statement using the throughput costing method.
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