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Inventory valuation under absorption costing and variable costing

At the end of the first year of operations, 7,500 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:

Determine the cost of the finished goods inventory reported on the balance sheet under

(a) the absorption costing concept

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416679

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