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  3. the following information relates to diamond inc.

The following information relates to Diamond Inc. 2,000 Units sold ($400 per unit) Variable costs...

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Accounting

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The following information relates to Diamond Inc. 2,000 Units sold ($400 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative expenses $30 200,000 Determine the cost of goods sold under absorption costing. a. $540,000 X b. $400,000 c. $500,000 d. $360,000

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