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Create a Proforma Income Statement. Assume you are selling all units you produced during the...

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Accounting

Create a Proforma Income Statement. Assume you are selling all units you produced during the month.

  1. Determine the sales price of your product.
  2. Calculate the following for one month of sales:
    • Total Revenue
    • Cost of Goods Sold
    • Gross Profit
  3. Identify and quantify at least two Period costs incurred by your company.
  4. Present a Proforma Income Statement for the one month of operations.

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