During the year, Xenoc produces 1,200 pairs of speakers and sells 1,000 pairs.

Required
How much fixed manufacturing overhead is in ending inventory under full costing? Compare this amount to the difference in the net incomes calculated in Exercises 8 and 9.
Summit Manufacturing, Inc. produces snow shovels. The selling price per snow shovel is $30.
Costs involved in production are:
Direct material................ $ 5
Direct labor.................. 4
Variable manufacturing overhead....... 3
Total variable manufacturing costs per unit.... $ 12
Fixed manufacturing overhead per year..... $180,000
In addition, the company has fixed selling and administrative costs of $160,000 per year.