Ryanbay, Incorporated had net income of $920,000 based on variable costing. Beginning and ending inventories were 57,000 units and 56,000 units, respectively. Assume the fixed overhead per unit was $2.25 for both the beginning and ending inventory. What is net income under absorption costing?

Ryanbay, Incorporated had net income of $920,000 based on varlable costing Beginning and ending inventories were 57,000 unifs and 56.000 units, respectively. Assume the fixed overhead per unit was $2.25 for both the beginning and ending inventory. What is net income under absorption costing