Reference no: EM132750805

Problem - Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:

Columbia Corporation Income Statement For the Month ended November 30

Sales ($18 per unit) $738,000

Variable expenses:

Variable cost of goods sold 410,000

Variable selling expense 123,000

Total variable expenses 533,000

Contribution margin 205,000

Fixed expenses:

Manufacturing 141,280

Selling and administrative 35,320

Total fixed expenses 176,600

Net operating income $28,400

During November, 35,320 units were manufactured and 8,490 units were in beginning inventory. Variable production costs per unit, total ?xed manufacturing expenses, and the number of units produced were the same in prior months.

Required - Find the value of the company's inventory on November 30 under absorption costing?