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Question - Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.
Units produced this year 36,000 units
Units sold this year 21,600 units
Direct materials $20 per unit
Direct labor$22per unit
Variable overhead $3per unit
Fixed overhead$180,000 in total
Required - Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing.
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