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Problem:

Dent Corporation had net income of $182,000 based on variable costing. Beginning and ending inventories were 5,000 units and 8,000 units, respectively. Assume the fixed overhead per unit was $3 for both the beginning and ending inventory.

Required:

Question: What is net income under absorption costing?

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Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91165053

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