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Compute the end of year cost of inventory

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Question - Assume that the income for 20X2 was $600,000 under variable costing and $800,000 under absorption costing. The end of year cost of inventory under standard variable costing was $70,000. The beginning of year cost of inventory under absorption costing was $40,000 higher than the cost of the beginning of year inventory under standard variable costing. Compute the end of year cost of inventory under standard absorption costing.

Reference no: EM132076819

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