what is the fixed manufacturing overhead cost included in inventory?

$980. Selected data for the company's operations last year follow: Units in beginning inventory 0 Units produced 280 Units sold 265 Units in ending inventory 15 Variable costs per unit: Direct materials $150 Direct labor $ 370 Variable manufacturing overhead $ 45 Variable selling and administrative $ 30 Fixed costs: Pixed manufacturing overhead $ 70,000 Fixed selling and administrative $ 30,000 The absorption costing income statement prepared by the company's accountant for last year appears below: Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income $ 259,700 215,975 43,725 37. 250 $ 5,775 Required: 1. Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. Prepare an income statement for last year using variable costing, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of Last year? Fored manufacturing overcost included in intory