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A manufacturer reports the following costs to produce 1 5 , 0 0 0 units in its first year of operations: direct materials, $ 1

  A manufacturer reports the following costs to produce 15,000 units in its first year of operations: direct materials, $15 per unit, direct labor, $11 per unit, variable overhead, $150,000, and fixed overhead, $210,000. Of the 15,000 units produced, 13,700 were sold, and 1,300 remain in inventory at year-end. Under absorption costing, what is the value of the inventory is? 

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