Cutterski Corporation manufactures a propeller.Shown below is Cutterski's cost structure: 
In its first year of operations, Cutterski produced 60, 000 propellers but only sold 54, 000. What would Cutterski report as its cost of goods sold under absorption costing?
Definitions:
Proportion
A statistical measure that denotes the fraction or percentage of the total that exhibits a particular trait or characteristic.
Sampling Plans
Detailed strategies that outline the selection and evaluation of a group of individuals from a statistical population to estimate characteristics of the whole population.
Random Selection
A process of choosing a sample from a population such that every individual has an equal chance of being selected.
Stratified Random Sample
A sampling method where the population is divided into subgroups (strata) that share similar characteristics, and random samples are then taken from each subgroup to ensure representation across the population's diversity.
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