A company produces a single product. For the most of the recent year, the company's...
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Accounting
A company produces a single product. For the most of the recent year, the company's net operating income computed by the absorption costing method was $7,800, and its net operating income computed by the variable costing method was $10,500. The company's unit product cost was $15 under variable costing and $24 under absorption costing. If the ending inventory consisted of 1,460 units, how many units must have been in the beginning inventory?
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