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Columbia Corporation produces a single product. The company's variable costing income statement for November appears...

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Accounting

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:

Columbia Corporation
Income Statement
For the Month ended November 30
Sales ($16 per unit) $ 665,600
Variable expenses:
Variable cost of goods sold 332,800
Variable selling expense 124,800
Total variable expenses 457,600
Contribution margin 208,000
Fixed expenses:
Manufacturing 106,950
Selling and administrative 71,300
Total fixed expenses 178,250
Net operating income $ 29,750

During November, 35,650 units were manufactured and 8,710 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months.

The value of the company's inventory on November 30 under absorption costing would be:

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