Multiple Choice
Jeter Corporation had net income of $212,000 based on variable costing.Beginning and ending inventories were 6,000 units and 10,000 units,respectively.Assume the fixed overhead per unit was $4 for both the beginning and ending inventory.What is net income under absorption costing?
A) $252,000
B) $228,000
C) $244,000
D) $276,000
E) $212,000
Correct Answer:
Verified
Correct Answer:
Verified
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