Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below: The value of the company's inventory on May 31 under absorption costing would be:

Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below: Crystal Corporation Income Slatement For the month ended May 31 Sales ($10 per unit) $1,167,000 Variable expenses: Variable cost of goods sold 583,500 Variable selling expense 116,700 Total variable expenses 700,200 Contribution margin 466,800 Fixed expenses: Fixed manufacturing overhead 270,400 Fixed selling and administrative 116,700 Total fixed expenses 387,100 Net operating income $79,700 The company produced 104,000 units in May and the beginning inventory consisted of32,000 units. Variable production costs per unit and total xed costs have remained constant over the past several months. The value ofthe company's inventory on May 31 under absorption costing would be: 0 $146,680 0 $96,500 0 $207,220 0 $77,200