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Tsuchiya Corporation manufactures a variety of products. Last year, the company's variable costing net operating income was $87,500. Fixed manufacturing overhead costs deferred in inventory

Tsuchiya Corporation manufactures a variety of products. Last year, the company's variable costing net operating income was $87,500. Fixed manufacturing overhead costs deferred in inventory under absorption costing amounted to $53,400. What was the absorption costing net operating income last year?

$87,500

$34,100

$140,900

$53,400

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