Concord Corporation sells its product for $70 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $17, direct labor $11, and variable overhead $1. Fixed costs are: $780000 manufacturing overhead, and $50000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period? $140000.$780000$130000$10000