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Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Trenton Products. Inc., are as follows: a. Prepare an income statement

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Variable and Absorption Costing Summarized data for 2016 (the first year of operations) for Trenton Products. Inc., are as follows: a. Prepare an income statement based on full absorption costing. b. Prepare an income statement based on variable costing

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