Absorption costing-cost of goods sold
Last year, 4,000 units were produced and 3,500 units were sold. There were no beginning inventories.
Under absorption costing, the cost of goods sold for the year would be:
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Last year, 4,000 units were produced and 3,500 units were sold. There were no beginning inventories. Under absorption costing, the cost of goods sold for the year would be:
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