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HOTEL, INC. is a small manufacturing firm. On January 1, HOTEL had an inventory of 2 units (at a cost of $3 per unit) on
HOTEL, INC. is a small manufacturing firm. On January 1, HOTEL had an inventory of 2 units (at a cost of $3 per unit) on hand. HOTEL's Sales and Cost data for the month of January are below: Selling Price (per unit) $10 Fixed Costs (total) Variable Costs (per unit) 6 Number of units produced Number of units sold 60 20 18 Required The COST of HOTEL's Ending Inventory at the end of January (January 31): Using Absorption Costing the COST of the January 31 Ending Inventory is $0 Using Variable (Direct) Costing the COST of the January 31 Ending Inventory is $ 0 Calculate HOTEL'S Income for the month of January: Using Absorption Costing INCOME is $ 0 Using Variable (Direct) Costing INCOME is 0 Previous Save Answers Next
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