How much fixed overhead cost is included in ending finished

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A company has incurred the following total costs for its very first month of operations:

Raw materials purchased $67,000
Direct Labor $81,000
Variable factory overhead $26,000
Fixed factory overhead ?
Variable selling and administrative $6,000
Fixed selling and administrative $8,000

The company also reported the following information:

Sales(1,600 units) $192,000
Gross Margin $57,000
Ending inventories
Raw materials $10,000
Work-in-process none
Finished goods (in units) 900 units

How much fixed overhead cost is included in ending finished goods inventory under absorption costing?

Reference no: EM13583046

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