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Rey Company's only product sells for $236 per unlt. Data for its first year of operations follow. 1. Prepare an Income statement for the year

image text in transcribedimage text in transcribed Rey Company's only product sells for $236 per unlt. Data for its first year of operations follow. 1. Prepare an Income statement for the year using absorption costing 2. Prepare an Income statement for the year using varlable costing. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year using absorption costing. Prepare an income statement for the year using variable costing

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