A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 120,500 $ 125,600 $ 127,700 Beginning finished goods inventory (units) 0 1,550 1,050 Ending finished goods inventory (units) 1,550
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A used machine with a purchase price of $77,000, requiring an overhaul costing $8,000, installation costs of $5,000, and special acquisition fees of $3,000, would have a cost basis of a. $82,000 b. $90,000 c. $8S, 000 d. $93,000
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