What was the absorption costing net operating income

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Vanstee Corporation manufactures a variety of products. Variable costing net operating income last year was $75,000 and this year was $89,500. Last year, $44,500 in fixed manufacturing overhead costs was deferred in inventory under absorption costing. This year, $11,750 in fixed manufacturing overhead costs was released from inventory under absorption costing.

What was the absorption costing net operating income last year?

Reference no: EM13824276

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