E-Com had net income of $130,000 under variable costing. Beginning and ending inventories were 1,200 units and

Question:

E-Com had net income of $130,000 under variable costing. Beginning and ending inventories were 1,200 units and 4,900 units, respectively. Fixed overhead cost was $2,50 per unit for both the beginning and . What is net income under absorption costing?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...