Question: 10 11 points eBook References QS 6-23A (Algo) Converting variable costing income to absorption costing income LO A2 Ming Company had income of $764,200
10 11 points eBook References QS 6-23A (Algo) Converting variable costing income to absorption costing income LO A2 Ming Company had income of $764,200 based on variable costing. Beginning and ending finished goods inventories were 7,000 units and 4,400 units, respectively. Assume the fixed overhead per unit was $2.20 for both the beginning and ending finished goods inventory. What is income under absorption costing? (Amounts to be deducted should be indicated with a minus sign.) Variable costing income Fixed overhead in beginning FG inventory Fixed overhead in ending FG inventory Absorption costing income
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