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QUESTION 3: Amtrak Inc., produces and sells a single product. The following costs relate to its production and sale: During the last year, 30,000 units
QUESTION 3: Amtrak Inc., produces and sells a single product. The following costs relate to its production and sale: During the last year, 30,000 units were produced and 25,000 units were sold at $40 each. Required: a) Prepare profit and loss statements both in traditional format and marginal format b) Provide reasoning and make a reconciliation
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