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A company sold 56,000 units of its single product in a period for a total revenue of $700,000.
Finished stock increased by 4,000 units in the period. Costs in the period were:Variable production $3.6 per unit
Fixed production $258,000 (absorbed on the actual number of units produced)
Fixed non-production $144,000Using absorption costing, what was the profit for the period?
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