Hatfield Corporation, which has only one product, has provided the following data concerning its most recent month of operations:Selling price$123Units in beginning inventory0Units produced6,400Units sold6,100Units in ending inventory300Variable costs per unit: Direct materials$45 Direct labor$30 Variable manufacturing overhead$1 Variable selling and administrative$8Fixed costs: Fixed manufacturing overhead$140,800Fixed selling and administrative$91,500What is the net operating income for the month under variable costing?a) $12,200b) ($17,200)c) $5,600d) $6,600

Waterway company’s record of transactions for the month of april was as follows. purchases sales april 1 (balance on hand) 672 @ $6.00 april 3 560 @ $11.00 4 1,680 @ 6.08 9 1,568 @ 11.00 8 896 @ 6.41 11 672 @ 12.00 13 1,344 @ 6.51 23 1,344 @ 12.00 21 784 @ 6.61 27 1,008 @ 13.00 29 560 @ 6.79 5,152 5,936 (a) calculate average-cost per unit. (b) assuming that periodic inventory records are kept in units only, compute the inventory at april 30 using lifo and average-cost. (c) assuming that perpetual inventory records are kept in dollars, determine the inventory using (1) fifo and (2) lifo. (d) compute cost of goods sold assuming periodic inventory procedures and inventory priced at fifo.