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QS 19-24A (Algo) Converting variable costing income to absorption costing income LO A2 Mortech had income of $249,000 based on variable costing. Beginning and ending
QS 19-24A (Algo) Converting variable costing income to absorption costing income LO A2 Mortech had income of $249,000 based on variable costing. Beginning and ending finished goods inventories were 49,000 units and 47,000 units, respectively. Assume the fixed overhead per unit was $0.65 for both the beginning and ending finished goods inventory. What is income under absorption costing? (Amounts to be deducted should be indicated with a minus sign.)
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