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Mahugh Company has only one product, with a Selling Price of $122

Accounting

Mahugh Company has only one product, with a Selling Price of $122. In addition, the following information was provided: 
Units in beginning inventory 0 Units produced 8,300 Units sold - 8,200 Units in ending inventory 100 Direct materials $27 per unit Direct labour $46 per unit Variable manufacturing overhead $4 per unit Variable selling and administrative $7 per unit Fixed manufacturing overhead $199,200 Fixed selling and administrative $106.600 
Prepare an income statement for the month using the absorption costing method. The operating income would be: 
$5,800 $6,200 

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