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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 $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 25,000 units 15,000 units $ 9 per unit $ 11 per unit $ 3 per unit $137,500 in total Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing

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