Scavenger Company, a manufacturer of recycling bins, began operations on January 1 of the current...

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Accounting

Scavenger Company, a manufacturer of recycling bins, began operations on January 1 of the current year. During this time, the company produced 60,000 units and sold 55,000 units at a sales price of $15 per unit.


Cost information for this year is shown in the following table:
imageGiven the Scavenger Company data, what is net income using absorption costing?

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