When Reconciling from Variable Costing Income to Absorption Costing Income

question 106

Multiple Choice

When reconciling from variable costing income to absorption costing income, if production exceeded sales and LIFO is used, then the

• A) Fixed overhead in the beginning inventory is added
• B) Fixed overhead in the beginning inventory is deducted
• C) Fixed overhead in the ending inventory is added
• D) Fixed overhead in the ending inventory is ignored

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