Tucker, Inc. has collected the following data: Units produced Beginning Inventory Units sold Sales price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs 220 units 200 units 290 units $360 per unit $52 per unit $24 per unit $15 per unit $660 per year $5 per unit $14,900 per year What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A. $60,790 OB. $76,560 OC. $77,140 OD. $61,660

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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.