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Wal Inc. produces and sells a single product. During the current year, Wal's fixed manufacturing overhead costs are $3 million, and the number of units
Wal Inc. produces and sells a single product. During the current year, Wal's fixed manufacturing overhead costs are $3 million, and the number of units sold equals the number of units produced. Which of the following amounts are the same under both variable costing and absorption costing? O Operating income O Cost of goods sold O Gross profit Ending inventory None of the above
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