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Required information [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations.

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Required information [The following information applies to the questions displayed below.] Barnes Company reports the following for its product for its first year of operations. The company sells its product for $160 per unit. Compute gross profit using absorption costing assuming the company (a) produces and sells 2,000 units and (b) produces 2,700 units and sells 2,000 units

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