this is my last question to clear up Use the following data to answer the questi

Question

this is my last question to clear up

Use the following data to answer the question

Using FIFO variable costing, what is the net income in March is each unit sells for $3600?

January February March Unit Data       Beginning Inventory 0       ?       ?       Production 1200 800 1000       Sales 700 800 1200 variable costs       manufacturing cost per unit produced $900 $900 $900       marketing cost per unit sold $600 $600 $600 Fixed costs    Manufacturing costs $450,000 $450,000 $450,000    Marketing costs $140,000 $140,000 $140,000

Explanation / Answer

sales per unit 3600

less varible cost (1500)

contribution per unit 2100

Total contributio 2520000

Less Fixed cost (590000)

Net income 1930000

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