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Ming Company had income of $762,200 based on variable costing. Beginning and ending finished goods inventories were 6.800 units and 4,200 units, respectively. Assume
Ming Company had income of $762,200 based on variable costing. Beginning and ending finished goods inventories were 6.800 units and 4,200 units, respectively. Assume the fixed overhead per unit was $2.00 for both the beginning and ending finished goods Inventory. What is income under absorption costing? (Amounts to be deducted should be indicated with a minus sign.) Variable costing income Fixed overhead in ending FG inventory Absorption costing income As
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