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Micro disc Corporation manufactures a single product. Last year, the company's variable costing net operating income was $55,700 and ending inventory increased by 700 units.

Micro disc Corporation manufactures a single product. Last year, the company's variable costing net operating income was $55,700 and ending inventory increased by 700 units. Fixed manufacturing overhead cost per unit was $3 in both beginning and ending inventory. Required: Determine the absorption costing net operating income for last year. Show your work! (4 marks)

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