Watson,Inc.has collected the following data for the current year:
The beginning Finished Goods Inventory costs were $3,800 under absorption costing and $2,500 under variable costing.
What is the operating income using absorption costing? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar. )
Definitions:
Exchange Rate
The exchange rate is the price at which one currency can be exchanged for another, affecting imports, exports, and international investments.
Exchange Rate
The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.
Euros
The official currency of the eurozone, which is used by 19 of the 27 European Union countries.
U.S. Dollar
The official currency of the United States of America, widely used as a standard for international financial transactions.
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