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Compute cost of finished goods in inventory

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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.

Reference no: EM132616494

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