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Absorption-Costing Income Statement During the most recent year, Osterman Company had the following data: Units in beginning
2. Prepare an income statement using absorption costing. Enter amounts as positive numbers. Osterman Company Income Statement
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--Requirement 2 asked

Sales [9300 units x $ 47] $437,100
Less: Cost of Goods Sold [calculated in Req #1] $223,200
Gross Margin $213,900
Less: Selling & Admin expense $138,000
Operating Income $75,900
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