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Davis Company had income of $1,544,400 based on variable costing. Beginning and ending finished goods inventories were 15,600 units and 10,400 units, respectively. If the

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Davis Company had income of $1,544,400 based on variable costing. Beginning and ending finished goods inventories were 15,600 units and 10,400 units, respectively. If the fixed overhead per unit was $3 for both the beginning and ending finished goods inventory, then income under absorption costing is $1,528.800. True or False True False

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