Business
Business, 26.06.2020 22:01, needhhelp

g Kilihea Corporation produces a single product. The company's absorption costing income statement for July follows: Kilihea Corporation Income Statement For the month ended July 31 Sales (14,500 units) $710,500 Cost of goods sold 443,700 Gross margin 266,800 Selling and administrative expenses: Fixed 130,500 Variable 72,500 203,000 Net operating income $63,800 During July, the company's variable production costs were $22.60 per unit and its fixed manufacturing overhead totaled $122,600. Net operating income under the variable costing method for July would be:

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