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The accounting records for Poole Manufacturing Company included the following cost information relating to its first year of operations: Direct materials Direct labor Fixed
The accounting records for Poole Manufacturing Company included the following cost information relating to its first year of operations: Direct materials Direct labor Fixed manufacturing overhead Variable manufacturing overhead $25,500 $49,000 $41,000 $19,000 Assume the company produced 10,000 units of inventory and sold 6,900 of these units for $116,610. What amount of finished goods will be reported on the balance sheet at the end of the year under absorption costing?
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