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Ashton, Inc. has the following cost data for Product X, and unit product cost using absorption costing when production is 600 units, 1,000 units, and
Ashton, Inc. has the following cost data for Product X, and unit product cost using absorption costing when production is 600 units, 1,000 units, and 1,200 units. (Click on the icon to view the cost data.) (Click on the icon to view the unit product cost data.) Product X sells for $190 per unit. Assume no beginning inventories. Read the requirements. Begin by selecting the labels and computing the gross profit for scenario a. and then compute the gross profit for scenario b. and c. Requirements Calculate the gross profit using absorption costing when Ashton: a. Produces and sells 600 units. b. Produces 1,000 units and sells 600 units. c. Produces 1,200 units and sells 600 units
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