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The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per...

The Southern Corporation manufactures a single product and has the following cost structure:

Variable costs per unit:
Production $ 33
Selling and administrative $ 12
Fixed costs per year:
Production $ 166,110
Selling and administrative $ 147,840

Last year, 7,910 units were produced and 7,810 units were sold. There was no beginning inventory.

The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:

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