I m having problems with an Absorption costing income statements for 2 months analysis problem....

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Accounting

I m having problems with an Absorption costing income statements for 2 months analysis problem.

I hve completed the first month with the correct answers, but the second month - I am not getting right. I did get someone post his answers earlier, but they are not correct. I will post what he submitted. I will also submit the first month answers in as an image.

During the first month of operations ended March 31, 2016, Hip and Conscious Clothing
Company produced 55,000 designer cowboy hats, of which 51,900 were sold
Operating data for the month are summarized as follows:
1 Sales $804,450
2 Manufacturing costs:
3 Direct materials $467,500
4 Direct labor $126,500
5 Variable manufacturing cost $77,000
6 Fixed manufacturing cost $55,000 $726,000
7 Selling and administrative expenses:
8 Variable $25,950
9 Fixed $25,950 $51,900
During April, Hip and Conscious Clothing produced 48,800 designer cowboy hats
and sold 51,900 cowboy hats. Operating data for April are summarized as follows:
1 Sales $804,450
2 Manufacturing costs:
3 Direct materials $414,800
4 Direct labor $112,240
5 Variable manufacturing cost $68,320
6 Fixed manufacturing cost $55,000 $650,360
7 Selling and administrative expenses:
8 Variable $25,950
9 Fixed $25,950 $51,900
1a. Using the absorption costing concept, prepare income statements for (a) March
Hip and Conscious Clothing Company
Absorption Costing Income Statement
For the Month Ended March 31, 2016
1 Sales $804,450
2 COGS
3 Cost of goods manufactured $726,000
4 Less ending inventory $40,920.00
5 Cost of goods sold 685,080.00
6 Gross Profit $119,370
7 Selling and administrative expenses $51,900
8 Income from operations $67,470
1b. Using the absorption costing concept, prepare income statements for (b) April.
Hip and Conscious Clothing Company
Absorption Costing Income Statement
For the Month Ended April 30, 2016
1 Sales $804,450
2 COGS
3 Cost of goods manufactured
4 Beginning Inventory
5 Cost of goods sold
6 Gross Profit
7 Selling and administrative expenses
8 Income from operations
image
Score: 55/66 Hip and Conscious Clothing Company Absorption Costing Income Statement For the Month Ended April 30, 2016 S804450.00 1 Sales 2 Cost of goods sold: 3Cost of goods manufactured 4Beginning inventory 5 Cost of goods sold 6 Gross profit 7 Selling and administrative expenses 8 Income from operations $650,504.00 41,323.00 691,827.00 $112,623.00 51,900.00 60,723.00

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