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Cagney Industries Has the Following Cost Information for the Year

Question 78

Multiple Choice

Cagney Industries has the following cost information for the year just ended: Cagney Industries has the following cost information for the year just ended: During the year, Cagney produced 6,000 units, out of which 5,400 were sold for $20 each. What is net income under absorption costing? A) $26,000. B) $35,000. C) $29,000. D) $23,000. E) None of the answers is correct. During the year, Cagney produced 6,000 units, out of which 5,400 were sold for $20 each. What is net income under absorption costing?


A) $26,000.
B) $35,000.
C) $29,000.
D) $23,000.
E) None of the answers is correct.

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