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Q3) Laish-Haik had operating income of $90,000 using variable costing and an operating income of $70,000 using absorption costing. The total fixed manufacturing overhead was
Q3) Laish-Haik had operating income of $90,000 using variable costing and an operating income of $70,000 using absorption costing. The total fixed manufacturing overhead was $40,000 and production was 8,000 units both this year and last year. This year was the first year of operations. What is the company's level of ending inventory
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