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2. Although 50,000 units are produced during year 2, only 40,000 are sold during the year. The remaining 10,000 units are in nished goods inventory

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2. Although 50,000 units are produced during year 2, only 40,000 are sold during the year. The remaining 10,000 units are in nished goods inventory at the end of year 2. Prepare a traditional income statement assuming the company uses absorption costing. Prepare a contribution margin income statement assuming the company uses variable costing

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