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Romano Corporation has computed the following unit costs for the year just ended: Direct material used$10Direct labor17Variable manufacturing overhead21Fixed manufacturing overhead24Variable selling and administrative cost6Fixed

Romano Corporation has computed the following unit costs for the year just ended:

Direct material used$10Direct labor17Variable manufacturing overhead21Fixed manufacturing overhead24Variable selling and administrative cost6Fixed selling and administrative cost30

Under absorption costing, each unit of the company's inventory would be carried at:

Multiple Choice

$48.
$54.
$72.
$108.
None of the answers is correct.

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