1. Company H reports the following data at the end of its first fiscal year:

Raw materials used: $50,000 Direct labour: $90,000 Variable manufacturing overhead: $10,000 Fixed manufacturing overhead: $15,000 Variable operating expenses: $8,000 Finished goods inventory: 1,000 units Sales ($20/unit): $80,000

Under the variable cost method, the value of the ending inventory of finished goods is :

Options from question 1:

a) 30 000 $

b) 132 000 $

c) No answer is appropriate

d) 15 000 $

e) 33 000 $