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Edifice Manufacturing Company produces and sells a single product. During the current year, Edifice's fixed manufacturing overhead costs are $3 million, and the number
Edifice Manufacturing Company produces and sells a single product. During the current year, Edifice's fixed manufacturing overhead costs are $3 million, and the number of units sold equals the number of units produced. Which of the following amounts are the same under both variable costing and absorption costing? O Operating income Cost of goods sold O Gross profit O Ending inventory O None of the above
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