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E-Com had net income of $121,000 under variable costing. Beginning and ending inventories were 1,110 units and 4,000 units, respectively. Fixed overhead cost was $1.60
E-Com had net income of $121,000 under variable costing. Beginning and ending inventories were 1,110 units and 4,000 units, respectively. Fixed overhead cost was $1.60 per unit for both the beginning and ending inventory. What is net income under absorption costing?
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Internal Auditing Assurance & Consulting Services
Authors: Kurt F Reading, Paul J Sobel, Urton L Anderson, Michael J Head, Sri Ramamoorti
1st Edition
