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Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced $7,650$ rackets

and sold $5,730.$ Each racket was sold at a price of $$90.$ Fixed overhead costs are $$99,450$ per year, and fixed selling and

administrative costs are $$68,600$ per year. The company also reports the following per unit variable costs for the year.

Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing.

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