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Question
Fomtech, Inc. had net income of $750,000 based on variable costing. Beginning and ending inventories were 50,000 units and 48,000 units, respectively. Assume the fixed overhead per unit was $.75 for both the beginning and ending inventory. What is net income under absorption costing?
A. $751,500
B. $676,500
C. $823,500
D. $748,500
E. $750,000
Answer
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Related questions
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Q:
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