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The following table shows the inventory balances, in units, for years 1, 2, and 3. Total fixed manufacturing costs were $70,000 for each of the

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The following table shows the inventory balances, in units, for years 1, 2, and 3. Total fixed manufacturing costs were $70,000 for each of the last five years. The units in Year 1 beginning inventory were based on production of 1,400 units. For each year, calculate the ditference between absorption costing and variable costing operating income. Indicate which costing system has the higher net income

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