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Moskowitz Corporation has provided the following data for its two most recent years of operation Selling price per unit 91 Manufacturing costs: Variable manufacturing cost
Moskowitz Corporation has provided the following data for its two most recent years of operation Selling price per unit 91 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials 13 Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year $480,006e Selling and administrative expenses: Variable selling and administrative expense per unit sold $ Fixed selling and administrative expense per year $ 84,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory Year 1 Year 2 0 3,000 12,000 10,000 9,000 19,000 3,000 3,000 The net operating income (loss) under absorption costing in Year 2 is closest to Multiple Choice $56,000 $224,000 $80,000 $164,000
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