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n Asaro, Inc, manufactures a single product that it sells for $140 per unit. According to their variable costing income statement, the company had the
n Asaro, Inc, manufactures a single product that it sells for $140 per unit. According to their variable costing income statement, the company had the following cost structure this June: Variable Cost of Goods Sold: $504,000 Variable Selling and Administrative: $25,000 Fixed Manufacturing: $554,400 Fixed Selling and Administrative: $201,600 There were 1.100 units in beginning inventory. During June, 19,800 units were produced and 18,000 units were sold. Under absorption costing, the value of the June 30 finished goods inventory would be: $ Answer: Next page ge
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