Pact Company Had Net Income of $972,000 Based on Variable

Multiple Choice

Pact Company had net income of $972,000 based on variable costing.Beginning and ending inventories were 7,800 units and 5,200 units,respectively.Assume the fixed overhead per unit was $3.61 for both the beginning and ending inventory.What is net income under absorption costing?

A) $962,614
B) $1,018,923
C) $925,077
D) $969,400
E) $981,379