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Variable Costing Income Statement On April 30, the end of the first month...

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Accounting

Variable Costing Income Statement
On April 30, the end of the first month of operations, Joplin Company prepared the following income statement, based on the absorption costing concept:
Joplin Company
Absorption Costing Income Statement
For the Month Ended April 30
\table[[Sales (6,400 units),,],[Cost of goods sold:,$217,600,],[Cost of goods manufactured units),$182,400,],[Inventory, April units),(26,400),(156,000)
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