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Assume 260 barrels are transferred from the Extraction Division to the Refining Division for a transfer price of $23 per barrel. The Refining Division sells

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Assume 260 barrels are transferred from the Extraction Division to the Refining Division for a transfer price of $23 per barrel. The Refining Division sells the 260 barrels at a price of $220 each to customers. What is the operating income of both divisions together? a. $37,180 b. $51,220 C. $42,120 d. $36,140

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