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Pyne Company produces a single product. The company has 50,000 units in its existing inventory. Pynes variable production costs during the year were $10 per
Pyne Company produces a single product. The company has 50,000 units in its existing inventory. Pynes variable production costs during the year were $10 per unit and fixed manufacturing overhead costs were applied at $25 per unit (which was the same as last year). teh companys net operating income is $120,000 higher under variable costing than it is under absorption costing and teh company uses FIFO and closes any over or under applied overhead directly to cost of goods sold. given these facts what was the number of units of product in beginning inventory
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