Banwood Company has the following information for 20x1: Selling price Varialhe production costs Variable selling and admin. expenses Fixed production costs Fixed selling and admin. expenses Units produced Units sold $150 per unit $40 per unit produced $16 per unit sold $200,000 $140,000 10,000 units 8,000 units There were no beginning inventories. What is the ending inventory for Banwood using the absorption costing method? a. $300,000 b. $180,000 c. $120,000 d. $80,000