Absorption-costing income statement during the most recent year, osterman company had the following data: units in beginning inventory — units produced 10,000 units sold ($47 per unit) 9,300 variable costs per unit: direct materials $9 direct labor $6 variable overhead $4 fixed costs: fixed overhead per unit produced $5 fixed selling and administrative $138,000 required: 1. calculate the cost of goods sold under absorption costing. $ 223,200 2. prepare an income statement using absorption costing. enter amounts as positive numbers.

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.