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Question - Orchard, Inc. manufactures a single product that had the following cost structure this October according to their variable costing income statement:
-Variable Cost of Goods Sold: $198,000
-Variable Selling and Administrative: $49,500
-Fixed Manufacturing: $237,600
-Fixed Selling and Administrative: $59,400
They sold 11,000 units for $90 each during the month, and produced 8,800 units. October 1 inventory was 2,600 units. What is the value of the October 31 finished goods inventory under absorption costing?
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