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Required information [The following information applies to the questions displayed below.) Advanced Company reports the following information for the current year. All beginning inventory amounts

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Required information [The following information applies to the questions displayed below.) Advanced Company reports the following information for the current year. All beginning inventory amounts equaled SO this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 36,000 units 21,600 units $ 20 per unit $ 22 per unit 5 3 per unit $180,000 in total Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing. $720,000 $1,800,000 $1,000,000 $648,000 5972.000

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