Ida Sidha Karya Company is a family-owned company located in the village of Glanyar 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 for $980. Selected data for the companys operations last year follow: Units in beginning inventory 0 Units produced 280 Units sold 265 Units in ending inventory 15 Variable costs per unit: Direct materials $ 150 Direct labor $ 370 Variable manufacturing overhead $ 45 Variable selling and administrative $ 30 Fixed costs: Fixed manufacturing overhead $ 70,000 Fixed selling and administrative $ 30,000 The absorption costing income statement prepared by the companys accountant for last year appears below: Sales $ 259,700 Cost of goods sold 215,975 Gross margin 43,725 Selling and administrative expense 37,950 Net operating income $ 5,775 Required: 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period.