Sanders Company has the following information for last year
There were no beginning inventories.

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There were no beginning inventories.What is the income for Sanders using the absorption costing method?
A) $520,000
B) $480,000
C) $1,200,000
D) $500,000

Question

Sanders Company has the following information for last year 
There were no beginning inventories.

- 
There were no beginning inventories.What is the income for Sanders using the absorption costing method?
A) $520,000 
B) $480,000 
C) $1,200,000 
D) $500,000

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
[($190 - $72) × 7,000] - $180,000 - (7,000 × $18) = $520,000

Sanders Company Has the Following Information for Last Year