Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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What is the net income under absorption costing get solution
Transcribed Image Text:Glob Tech Industries had a net income of $950,000 based on
variable costing. Beginning and ending inventories were
10,000 units and 12,500 units, respectively. Assume the fixed
overhead per unit was $4.20 for both the beginning and
ending inventory.
What is the net income under absorption costing?
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