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Sheridan Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are...

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Accounting

Sheridan Corp. is a manufacturer of specialty in-line skates. The operating results for 2022 are as follows:
There was no beginning finished goods inventory. A) Assume the company uses normal absorption costing and uses the budgeted volume of 23,750 pairs to allocate the fixed overhead rate rather than the actual production volume of 19,000 pairs. The company expenses production volume variance to cost of goods sold in the accounting period in which it occurs. do the following: calculate the manufacturing cost per unit. B) prepare a normal absorption costing income statement for 2022
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