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QUESTION 5 A manufacturer reports the following information below for its first three years in operation. Income under variable costing Beginning inventory (units) Ending inventory

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QUESTION 5 A manufacturer reports the following information below for its first three years in operation. Income under variable costing Beginning inventory (units) Ending inventory (units) Fixed manufacturing overhead per unit Year 1 $ 88,000 o 920 $ 10.00 Year 2 121,000 920 560 $ 10.00 Year 3 127,000 560 0 10.00 Income for year 3 using absorption costing is: $117,400. $132,200. $121,000. $127,000. $121,400

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