1.Dish Corporation produces a single product. Selected information concerning the operations of the company follow:

Units in beginning inventory 0

Units produced 10,000

Units sold 9,000

Direct materials $40,000

Direct labor $20,000

Variable manufacturing overhead $12,000

Fixed manufacturing overhead $25,000

Variable selling and administrative expenses $4,500

Fixed selling and administrative expenses $30,000

Assume that direct labor is a variable cost.

Under variable costing, the value of the ending finished goods inventory would be:

Select one:

a.$9,700

b.$7,650

c.$8,000

d.$7,200