During 2022, Pharoah Company reported cash provided by operations of $985000, cash used in investing of $851000, and cash used i
1 answer:
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Answer:
Following are the responses to the given question:
Explanation:
For question 1:
Calculating the cost per unit:
For question 2:
Calculating the ending inventory units:
Calculating the cost for the Ending inventory:
For question 3:
Calculating the absorption costing for the income statement:
Particular Amount
Sales
-COGS
Gross profit
Cost of variable marketing
marketing and administrative costs are fixed
Net income