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Peapod Company, a Manufacturer of Slippers, Began Operations on May

Question 27

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Peapod Company, a manufacturer of slippers, began operations on May 1 of the current year. During this time, the company produced 200,000 units and sold 180,000 units at a sales price of $36 per unit. Cost information for this period is shown below.Peapod Company, a manufacturer of slippers, began operations on May 1 of the current year. During this time, the company produced 200,000 units and sold 180,000 units at a sales price of $36 per unit. Cost information for this period is shown below. (a.) Prepare Peapod's December 31<sup>st</sup> income statement for the current year under absorption costing. (b.) Prepare Peapod's December 31<sup>st</sup> income statement for the current year under variable costing.
(a.) Prepare Peapod's December 31st income statement for the current year under absorption costing.
(b.) Prepare Peapod's December 31st income statement for the current year under variable costing.

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