WATERWAYS
CORPORATION
Absorption Costing Income Statement
For the year ending December 31 |
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2014 |
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2015 |
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2016 |
Selling and Administration expensesBeginning Inventory, January
1Cost of Goods ManufacturedEnding Inventory, Decemebr 31Gross
ProfitCost of Goods Available for SaleOperating Income /
(Loss)SalesCost of Goods Sold
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$ |
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$ |
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$ |
Ending Inventory, Decemebr 31Selling and Administration
expensesBeginning Inventory, January 1SalesCost of Goods Available
for SaleGross ProfitOperating Income / (Loss)Cost of Goods
ManufacturedCost of Goods Sold
: |
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Gross
Profit Selling and Administration
expenses Operating Income /
(Loss) Cost of Goods Available for
Sale Ending Inventory, Decemebr
31 Sales Cost of
Goods Sold Beginning Inventory, January
1 Cost of Goods
Manufactured
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Add Less
:
SalesGross ProfitSelling and Administration expensesEnding
Inventory, Decemebr 31Cost of Goods SoldOperating Income /
(Loss)Beginning Inventory, January 1Cost of Goods ManufacturedCost
of Goods Available for Sale
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Cost of Goods
Sold Cost of Goods Available for
Sale Gross
Profit Sales Beginning
Inventory, January 1 Ending Inventory,
Decemebr 31 Selling and Administration
expenses Cost of Goods
Manufactured Operating Income /
(Loss)
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Add Less
:
Cost of Goods ManufacturedSelling and Administration
expensesEnding Inventory, Decemebr 31Cost of Goods Available for
SaleSalesGross ProfitOperating Income / (Loss)Cost of Goods
SoldBeginning Inventory, January 1
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Cost of Goods Available for SaleEnding Inventory, Decemebr
31Operating Income / (Loss)SalesBeginning Inventory, January 1Cost
of Goods SoldCost of Goods ManufacturedGross ProfitSelling and
Administration expenses
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Ending Inventory, Decemebr 31Cost of Goods ManufacturedGross
ProfitSalesSelling and Administration ExpensesOperating Income /
(Loss)Cost of Goods SoldBeginning Inventory, January 1Cost of Goods
Available for Sale
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Selling and Administration ExpensesOperating Income /
(Loss)SalesBeginning Inventory, January 1Cost of Goods Available
for SaleCost of Goods SoldCost of Goods ManufacturedEnding
Inventory, Decemebr 31Gross Profit
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$ |
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$ |
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$ |