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For the Current Year, Nichols Inc

Question 73

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For the current year, Nichols Inc., had sales of 75,000 units and production of 100,000 units.Other information for the year included:
For the current year, Nichols Inc., had sales of 75,000 units and production of 100,000 units.Other information for the year included: There was no beginning inventory.Required: a.Compute the ending finished goods inventory under both absorption and variable costing. b.Compute the cost of goods sold under both absorption and variable costing. There was no beginning inventory.Required:
a.Compute the ending finished goods inventory under both absorption and variable costing.
b.Compute the cost of goods sold under both absorption and variable costing.

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