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

Units Produced this year: 28,000 units

Units Sold this year: 16,800 units

Direct Materials: $12 per unit

Direct Labor: $14 per unit

Variable overhead: $84,000 in total

Fixed overhead: $140,000 in total

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

A. $380,800

B. $324,800

C. $952,000

D. $487,200

Given Advanced Company's data, and the knowledge that the product is sold for $59 per unit and operating expenses are $230,000, compute the net income under absorption costing.

A. 56,000

B. $134,000

C. $113,680

D. $190,000