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Current Attempt in Progress Tercero Company sold 42,000 units in 2025. The manager did not identify any variable cost variances and actual production equaled budgeted production of 40,000 units. Beginning inventory for the year was 3,500 units and last period's inventory carried the same cost per unit as this period's production. The compary's income statement used for internal reporting shows the following: The CEO of Tercero wants to determine operating income under absorption costing Prepare an absorption costing income statement. for 2025 The CEO of Tercero wants to determine operating income under absorption costing. Prepare for 2025 . The CEO of Tercero wants to determine operating income under absorption costing. Prepare an absorption costing income statement for 2025 . of Terc 5. Current Attempt in Progress Tercero Company sold 42,000 units in 2025. The manager did not identify any variable cost variances and actual production equaled budgeted production of 40,000 units. Beginning inventory for the year was 3,500 units and last period's inventory carried the same cost per unit as this period's production. The compary's income statement used for internal reporting shows the following: The CEO of Tercero wants to determine operating income under absorption costing Prepare an absorption costing income statement. for 2025 The CEO of Tercero wants to determine operating income under absorption costing. Prepare for 2025 . The CEO of Tercero wants to determine operating income under absorption costing. Prepare an absorption costing income statement for 2025 . of Terc 5