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Yankee Corporation Manufactures a Single Product

Question 167

Multiple Choice

Yankee Corporation manufactures a single product.The company has the following cost structure: Yankee Corporation manufactures a single product.The company has the following cost structure: Last year, 4, 000 units were produced and 3, 500 units were sold.There were no beginning inventories. Under absorption costing, the cost of goods sold for the year would be: A) $28, 000 B) $24, 500 C) $17, 500 D) $14, 000 Last year, 4, 000 units were produced and 3, 500 units were sold.There were no beginning inventories. Under absorption costing, the cost of goods sold for the year would be:


A) $28, 000
B) $24, 500
C) $17, 500
D) $14, 000

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