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A Company manufactures a single product. Last year, ending inventory increased by 2,600 units, and the company reported operating income of $96,300 using variable costing.

A Company manufactures a single product. Last year, ending inventory increased by 2,600 units, and the company reported operating income of $96,300 using variable costing. If the fixed manufacturing overhead rate was $1 per unit, what was last year's operating income using absorption costing?

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