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Romano Corporation has computed the following unit costs for the year just ended: Direct material used $ 12 Direct labor 16 Variable manufacturing overhead 22

Romano Corporation has computed the following unit costs for the year just ended: Direct material used $ 12 Direct labor 16 Variable manufacturing overhead 22 Fixed manufacturing overhead 23 Variable selling and administrative cost 4 Fixed selling and administrative cost 27 Under absorption costing, each unit of the company's inventory would be carried at: Multiple Choice $54. $104. None of the answers is correct. $73. $50

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