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Juno Corp began the year with 1,000 units in inventory, produced 10,000 units, and sold 10,400 units. The units in opening (ending) inventory had FMOH

Juno Corp began the year with 1,000 units in inventory, produced 10,000 units, and sold 10,400 units. The units in opening (ending) inventory had FMOH of $10 per unit ($12 per unit). Compute (income under variable costing - income under absorption costing) if the firm uses LIFO to value inventories.

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