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Exercise 1 9 - 9 ( Algo ) Absorption costing and variable costing income statements LO P 2 Rey Company's only product sells for $

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Exercise 19-9(Algo) Absorption costing and variable costing income statements LO P2
Rey Company's only product sells for $234 per unit. Data for its first year of operations follow.
Prepare an income statement for the year using absorption costing
Prepare an income statement for the year using variable costing.
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Prepare an income statement for the year using absorption costing.
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