During the year, Xenoc produces 1,000 pairs of speakers and sells 900 pairs. How much fixed manufacturing overhead is in ending inventory under full costing? Compare this amount to the difference in the net incomes calculated in Exercises 8 and 9 .

Xenoc, Inc. produces stereo speakers. The selling price per pair of speakers is \(\$ 1,500\).

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Costs involved in production are: Direct material Direct labor Variable manufacturing overhead $100 150 50 Total variable manufacturing costs per unit $300 Fixed manufacturing overhead per year $600,000 In addition, the company has fixed selling and administrative costs: Fixed selling costs per year $200,000 Fixed administrative costs per year $100,000