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    Financial and Managerial Accounting
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    Exam 21: Variable Costing
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    Groovelex Inc.reports the Following Information
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Groovelex Inc.reports the Following Information

Question 119

Question 119

Multiple Choice

Groovelex Inc.reports the following information: Groovelex Inc.reports the following information:    -There are no beginning inventories.What is the ending balance in finished goods inventory using absorption costing? A) $8,500 B) $8,000 C) $6,000 D) $4,000
-There are no beginning inventories.What is the ending balance in finished goods inventory using absorption costing?


A) $8,500
B) $8,000
C) $6,000
D) $4,000

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