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A manufacturer reports the following information below for its first three years in operation. Year 1 Year 2 Year 3 Income under variable costing$92,000 $125,000

A manufacturer reports the following information below for its first three years in operation.

Year 1 Year 2 Year 3Income under variable costing$92,000 $125,000 $131,000Beginning inventory (units) 0 960 580Ending inventory (units) 960 580 0Fixed manufacturing overhead per unit$12.00 $12.00 $12.00

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