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How do i find Variable Cost of Goods Sold?

Chapter 21 Assignment B eBook Calculator Variable and Absorption Costing-Three Products Winslow Inc, manufactures and sells three types of shoes. The income statements prepared under the absorption costing method for the three shoes are as follows: Winslow Inc. Product Income Statements-Absorption Costing For the Year Ended December 31, 20Y1 Cross Training Shoes Golf Shoes Running Shoes Revenues $475,200 $299,400 $260,500 Cost of goods sold (247,100) (146,700) (174,500) Gross profit $228,100 $152,700 $86,000 Selling and administrative expenses (196,200) (109,900) (143,600) Operating income $31.900 $42,800 $(57,600) In addition, you have determined the following information with respect to allocated fixed costs: Golf Cross Training Shoes Running Shoes Shoes Fixed costs: Cost of goods sold $76,000 $38,900 $36,500 Selling and administrative expenses 57,000 35,900 36,500 These fixed costs are used to support all three product lines and will not change with the elimination of any one product. In addition, you have determined that the effects of Inventory may be ignored. Winslow Inc. Variable Costing Income Statements-Three Product Lines For the Year Ended December 31, 2011 Cross Training Shoes Golf Shoes Running Shoes Revenues 475,200 299,400 $ 260,500 Variable cost of goods sold -247,000 Manufacturing margin Variable selling and administrative expenses Contribution margin Fixed costs: Fixed manufacturing costs 76,000 $ 38,900 $ 36,500 Fixed selling and administrative expenses 57,000 35,900 36,500 Total fixed costs 133,000 74,800 73,000 Operating income (loss) Feedback

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