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Jeter Corporation had net income of $228,000 based on variable costing. Beginning and ending inventories were 7,600 units and 13,200 units, respectively. Assume the fixed

Jeter Corporation had net income of $228,000 based on variable costing. Beginning and ending inventories were 7,600 units and 13,200 units, respectively. Assume the fixed overhead per unit was $5 for both the beginning and ending inventory. What is net income under absorption costing?

Multiple Choice

  • $294,000

  • $256,000

  • $284,000

  • $332,000

  • $228,000

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