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A manufacturer reports the following costs to produce 20,000 units in its first year of operations: Direct materials, $20 per unit, Direct labor, $16 per unit, Variable overhead, $160,000, and Fixed overhead, $320,000. Of the 20,000 units produced, 19,200 were sold, and 800 remain in inventory at year-end. Under absorption costing, the value of the inventory is.
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A manufacturer reports the following costs to produce 20,000 units in its first year of operations:...
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