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Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Belle Company's product is sold for $50

image text in transcribed Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Belle Company's product is sold for $50 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $170,000 per year. Compute the net income under absorption costing. $55,000 $67,500 $80,500 $122,500 $205,000

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