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Question
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
Answer
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