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Eastenorth Towers Company produces a single product. For the most recent year, the company's net operating income computed by the absorption costing method was $17,450,
Eastenorth Towers Company produces a single product. For the most recent year, the company's net operating income computed by the absorption costing method was $17,450, and its net operating income computed by the variable costing method was $15,259. The company's unit product cost was $45 under variable costing and $52 under absorption costing. If the ending inventory consisted of 948 units, the beginning inventory must have been:
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