Beginning inventory of finished goods	0
Units produced (no work in process)	22,000
Units sold	18,000
Units in ending inventory of finished goods	4,000
Sales price	$55 per unit
Variable manufacturing costs	$25 per unit manufactured
Variable selling and administrative expenses	$7 per unit sold
Fixed manufacturing costs for the year	$110,000
Fixed selling and administrative expenses for the year	$124,000

Using the absorption method, cost of goods manufactured for the year is:

$660,000

$550,000

$900,000

$450,000