Coronado Industries sells its product for $40 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $16, direct labor $15, and variable overhead $2. Fixed costs are: $540000 manufacturing overhead, and $90000 selling and administrative expenses. Cost of goods sold under absorption costing is O $1890000. O $1980000. O $1650000. O $2100000.

Coronado industries sells its product for $40 per unit. During 2022, it produced 60000 units and sold 50000 units (there was no beginning imventory). Costs per unit are: direct materials \$16, direct labor $15, and variable averhead $2. Fived costs are \$\$440000 manufacturing overhead, and $90000 selling and administrative expenses. Cost of goods sold under absorption costing is $1890000. $1980000. $1650000. $2100000