lda Sidha Karya Company is a family-owned company located in the village of Gianyar on the island of Bali n Indonesia. The company produces a handcrafted Balinese musical instrument called a gam elan that is similar to a xylophone. The gamelans are sold for $860. Selected data for the company's operations last year follow Units in beginning inventory Units produced 320 Units sold 285 Units in ending inventory 35 Variable costs per unit Direct materials 135 Direct labor 355 Variable manufacturing overhead 30 Variable selling and administrative 15 Fixed costs 64,000 Fixed manufacturing overhead Fixed selling and administrative 27,000 The absorption costing income statement prepared by the company's accountant for last year appears below 245,100 Sales Cost of goods sold 205,200 39,900 Gross margin 31,275 Selling and administrative expense 8,625 Net operating income Required 1. Determine how much of the ending inventory consists of fixed manufacturing overhead cost deferred in inventory to the next period. otal fixed manufacturing overhead in ending inventory 7,000