Damp company, incurred the following costs while producing 450 units direct materials $12 per unit direct labor $24 per unit verbal manufacturing overhead $17 per unit total fixed manufacturing overhead costs $6750 variable sign and administrative cost $9 per unit total fixed selling and administrative cost $4050. There are no beginning inventory, what is the operating income using absorption costing I have 450 US are sold for $120 each

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.