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Inventory valuation under absorption and variable costing


Question: Inventory Valuation under Absorption and Variable Costing with Decrease in Ending Inventory The following information pertains to Chacon Inc. for last year:

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Required: 1. Calculate the cost of one unit of product under absorption costing.

2. Calculate the cost of one unit of product under variable costing.

3. How many units are in ending inventory?

4. Calculate the cost of ending inventory under absorption costing.

5. Calculate the cost of ending inventory under variable costing.

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Accounting Basics: Inventory valuation under absorption and variable costing
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