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9 A manufacturer reports the following information below for its first three years in operation. Year Year 2 Year 3 Income under variable costing Beginning

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9 A manufacturer reports the following information below for its first three years in operation. Year Year 2 Year 3 Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit $76,000 $109,000 $115,000 500 2.5 points 800 500 $ 8.00 8.00 800 8.00 Income for year 3 using absorption costing is

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