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Kluber, Inc. had net income of $910,000 based on variable costing. Beginning and ending inventories were 56,000 units and 54,000 units, respectively. Assume the fixed
Kluber, Inc. had net income of $910,000 based on variable costing. Beginning and ending inventories were 56,000 units and 54,000 units, respectively. Assume the fixed overhead per unit was $1.75 for both the beginning and ending inventory. What is net income under absorption costing?
$813,750
$903,000
$1,006,250
$906,500
$910,000
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