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

Units produced this year	100,000 units
Units sold this year	60,000 units
Direct materials	$ 8.50 per unit
Direct labor	$ 9.50 per unit
Variable overhead	$ 650,000 in total
Fixed overhead	$ 850,000 in total

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

	$1,660,000
	$720,000
	$1,320,000
	$980,000
	$1,153,200