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At the end of the year of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as

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At the end of the year of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: 8 Direct materials $40 Direct labor 35 Fixed factory overhead Wariable factory overhead 6 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept

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