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Question
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
Answer
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