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Cost of goods manufactured, using variable costing and absorption costing On June 30, the end of the first year of operations, Johnson Industries, Inc., manufactured
Cost of goods manufactured, using variable costing and absorption costing
On June 30, the end of the first year of operations, Johnson Industries, Inc., manufactured 4,500 units and sold 4,000 units. The following income statement was prepared, based on the variable costing concept:
Determine the unit cost of goods manufactured, based on (a) the variable costing concept and (b) the absorption costing concept.
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