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Mortech had income of $247,000 based on variable costing. Beginning and ending finished goods inventories were 47,000 units and 44,500 units, respectively. Assume the fixed

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Mortech had income of $247,000 based on variable costing. Beginning and ending finished goods inventories were 47,000 units and 44,500 units, respectively. Assume the fixed overhead per unit was $0.55 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.)

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