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Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced $6,150$ rackets

and sold $4,980.$ Each racket was sold at a price of $$90.$ Fixed overhead costs are $$79,950$ per year, and fixed selling and

administrative costs are $$65,600$ per year. The company also reports the following per unit variable costs for the year.

Direct materials

Direct labor

Variable overhead

Variable selling and administrative expenses

$$12$

$8$

$5$

$2$

Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing.