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Ming Company had income of $768,200 based on variable costing. Beginning and ending finished goods inventories were 7,400 units and 4,800 units, respectively. Assume the
Ming Company had income of $768,200 based on variable costing. Beginning and ending finished goods inventories were 7,400 units and 4,800 units, respectively. Assume the fixed overhead per unit was $2.60 for both the beginning and ending nished goods inventory. What is income under absorption costing? (Amounts to be deducted should be indicated with a minus sign.) Variable costing income $ 768,200 Absorption costing income _
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