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In 2019, Barry Grey Inc. sold 53,000 units at a selling price of $34 per unit. The company manufactured 61,000 units. Variable manufacturing costs were $19 per unit manufactured. Fixed manufacturing costs amounted to $288,000. Variable marketing costs were $8 per unit sold, and the budgeted and actual fixed marketing costs were $36,000. Other fixed operating expenses amounted to $23,000. There was no beginning inventory. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number. a) Calculate the company's 2019 operating income using absorption costing. Revenues $Answer Cost of Goods Sold: Beginning Inventory $Answer Cost of Goods Manufactured $Answer Less: Ending Inventory $Answer Cost of Goods Sold $Answer Gross Margin $Answer Operating Expenses: Marketing Costs $Answer Other Fixed Operating Expenses $Answer $Answer Income from Operations $Answer b) Calculate the company's 2019 operating income using variable costing. Revenues $Answer Variable Cost of Goods Sold Beginning Inventory $Answer Cost of Goods Manufactured $Answer Less: Ending Inventory $Answer Variable Cost of Goods Sold $Answer Variable Marketing Costs $Answer Contributed Margin $Answer Operating Expenses: Fixed Manufacturing Overhead Costs $Answer Fixed Marketing Costs $Answer Other Fixed Operating Expenses $Answer $Answer Income from Operations $Answer

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