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Ming Company had income of $764,200 based on variable costing Beginning and ending finished goods inventories were 7,000 units and 4.400 units, respectively. Assume the

Ming Company had income of $764,200 based on variable costing Beginning and ending finished goods inventories were 7,000 units and 4.400 units, respectively. Assume the fixed overhead per unit was $2.20 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 beginning FG inventory Fixed overhead in ending FG inventory) Absorption costing income 764,200 9,680

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