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Hong Company had income of $384,100 under variable costing. Beginning and ending finished goods inventories were 2,400 units and zero units, respectively. Fixed overhead cost
Hong Company had income of $384,100 under variable costing. Beginning and ending finished goods inventories were 2,400 units and zero units, respectively. Fixed overhead cost was $3.80 per unit for the beginning finished goods inventory. What is income under absorption costing? (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated with a minus sign.)
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