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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
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$294,000
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$256,000
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$284,000
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$332,000
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$228,000
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