A company produces a single product. Last year, fixed manufacturing overhead was $30,000 in total. Variable production costs were $16 per unit. Fixed selling and administrative costs were $20,000 in total. Variable selling and administrative costs were $4 per unit. There was no beginning inventory. During the year, 3,000 were produced and 2,400 units were sold at a price of $40 per unit. What would be the ending finished goods inventory balance when using absorption costing?

$15,600 $9,600 $0 $12,000