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Ming Company had net income of $776,200 based on variable costing. Beginning and ending inventories were 8,200 units and 5,600 units, respectively. Assume the fixed

Ming Company had net income of $776,200 based on variable costing. Beginning and ending inventories were 8,200 units and 5,600 units, respectively. Assume the fixed per unit was $3.40 for both the beginning and ending inventory. What is net income under absorption costing? What is net income under variable costing?

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