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During its first year of operations, the McCormick Company incurred the following manufacturing costs. The company produced 26,000 units, and sold 18,000 units, leaving 8,000

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During its first year of operations, the McCormick Company incurred the following manufacturing costs. The company produced 26,000 units, and sold 18,000 units, leaving 8,000 units in inventory at year-end Income calculated under variable costing is determined to be $350,000. How much income is reported under absorption costing? Mutiple Choice $278.000

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