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prepare an income statement for last year using absorption costing Exercise 6-1 EXERCISE 6-1 Variable and Absorption Costing Unit Product Costs LO6-1 Ida Company produces

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Exercise 6-1 EXERCISE 6-1 Variable and Absorption Costing Unit Product Costs LO6-1 Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $850. Selected data for the company's operations last year follow

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