Ida Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold to a Canadian importer for $980. Selected data for the companys operations last year follow:

Units in beginning inventory		0
Units produced		240
Units sold		225
Units in ending inventory		15
Variable costs per unit:
Direct materials	$	140
Direct labour	$	360
Variable manufacturing overhead	$	35
Variable selling and administrative	$	20
Fixed costs:
Fixed manufacturing overhead	$	66,000
Fixed selling and administrative	$	28,000

An absorption costing income statement prepared by the companys accountant appears below:

Sales	$	220,500
Cost of goods sold		182,250
Gross margin		38,250
Selling and administrative expenses		32,500
Operating income	$	5,750

Required:

1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.