A company has established a marginal costing profit of $72,300. Opening inventory was 300 units and closing

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Question:

A company has established a marginal costing profit of $72,300. Opening inventory was 300 units and closing inventory is 750 units. The fixed production overhead absorption rate has been calculated as $5/unit.

What was the profit under absorption costing?

A. $67,050

B. $70,050

C. $74,550

D. $77,550