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Last year, Walsh Company manufactured 25,000 units and sold 22,000 units. Production costs were as follows:
Total sales were $440,000, total variable selling and administrative expenses were $110,000, and total fixed selling and administrative expenses were $45,000. There was no beginning inventory. Assume that direct labour is a variable cost.
-Under absorption costing,what was the total amount of fixed manufacturing cost in the ending inventory?
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