Multiple Choice
Kluber,Inc.had net income of $900,000 based on variable costing.Beginning and ending inventories were 55,000 units and 52,000 units,respectively.Assume the fixed overhead per unit was $1.25 for both the beginning and ending inventory.What is net income under absorption costing?
A) $833,125
B) $903,750
C) $966,875
D) $896,250
E) $900,000
Correct Answer:
Verified
Correct Answer:
Verified
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