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Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. 100,000 units 60,000 units $ 28 per
Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. 100,000 units 60,000 units $ 28 per unit $ 30 per unit $3 per unit $ 850,000 in total Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead Belle Company's product is sold for $88 per unit. Variable selling and administrative expense is $2 per unit and fixed selling and administrative is $360,000 per year. Compute the net income under absorption costing.
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