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Metlock Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manutacture a deluxe portable cooking unit. Cost

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Metlock Products manufactures and sells a variety of camping products. Recently the company opened a new factory to manutacture a deluxe portable cooking unit. Cost and sales data for the first month of operation are shown below: The portable cooking unit sells for \$110. Management is interested in the opening month's results and has asked for an income statement. Reconcile the difference in net income between the absorption-costing and variable-costing methods

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