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ABC Company uses the FIFO method for costing its inventory. During the year it has the following information: Opening inventory 300 units Units produced 600

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ABC Company uses the FIFO method for costing its inventory. During the year it has the following information: Opening inventory 300 units Units produced 600 Units sold 600 Prior year fixed overhead costs $50 per unit Current year fixed overhead costs $44 per unit Instructions Calculate the difference between operating income in the current year if the company uses variable or absorption costing

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