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Kenzi, a manufacturer of kayaks, began operations this year. During this year, the company produced 1 , 0 2 5 kayaks and sold 7 7

Kenzi, a manufacturer of kayaks, began operations this year. During this year, the company produced 1,025 kayaks and sold 775 at a price of $1,025 each. At year-end, the company reported the following income statement information using absorption costing.
\table[[Sales (775$1,025),$794,375
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