Groovelex Inc.has collected the following data for the current year: The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing.
What is the operating income using absorption costing?
A)$3,950
B)$2,500
C)$4,750
D)$3,750

Question

Groovelex Inc.has collected the following data for the current year:  The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing.
What is the operating income using absorption costing?
A)$3,950 
B)$2,500 
C)$4,750 
D)$3,750

Quizplus · Accepted Answer

The Answer of Groovelex Inc.has collected the following data for the current year:  The beginning inventory costs $3,750 under absorption costing and $2,500 under variable costing.
What is the operating income using absorption costing?
A)$3,950 
B)$2,500 
C)$4,750 
D)$3,750