Question: Can you explain the correct approach to solve this general accounting question? Jenkins Corporation reported a net income of $780,000 under variable costing. Beginning and

Can you explain the correct approach to solve this general accounting question?

Jenkins Corporation reported a net income of $780,000 under variable costing. Beginning and ending inventories were 48,000 units and 45,000 units, respectively. The fixed overhead per unit was $2.00 for both the beginning and ending inventory. What is the net income under absorption costing

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