Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year	25,000 units
Units sold this year	15,000 units
Direct materials	$9 per unit
Direct labor	$11 per unit
Variable overhead	$75,000 in total
Fixed overhead	$137,500 in total

33.Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing.

$230,000

$427,500

$285,000

$345,000

$712,500

34.Given Advanced Company's data, compute cost of finished goods in inventory under variable costing.

$712,500

$345,000

$230,000

$427,500

$285,000