Question: ebookVariable and Absorption CostingThe following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31:table[[,(in millions)],[Sales,$28,530],[Cost of

ebookVariable and Absorption CostingThe following data were adapted from a recent income statement of Caterpillar Inc. (CAT) for the year ended December 31:\table[[,(in millions)],[Sales,$28,530],[Cost of goods sold,$(24,250)],[Selling, administrative, and other expenses,(2,570)

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