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Mortech had net income of $246,000 based on variable costing. Beginning and ending inventories were 46,000 units and 45,000 units, respectively. Assume the fixed overhead per unit was $0.50 for both the beginning and ending inventory. What is net income under absorption costing?
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Mortech had net income of $246,000 based on variable costing. Beginning and ending inventories were...
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