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Coronado Industries sells its product for $ 6 0 per unit. During 2 0 2 2 , it produced 6 0 0 0 0 units

Coronado Industries sells its product for $60 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $16, direct labor $10, and variable overhead $2. Fixed costs are: $690000 manufacturing overhead, and $70000 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

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