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Jeter Corporation had net income of $221,000 based on variable costing. Beginning and ending inventories...

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Jeter Corporation had net income of $221,000 based on variable costing. Beginning and ending inventories were 6,900 units and 11.800 units, respectively Assume the fixed overhead per unit was $5 for both the beginning and ending inventory. What is net income under absorption costing? $245,500 $314,500

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