Crystal Corporation produces a single product. The company's variable costing income statement for the month of May appears below: Crystal Corporation Income Statement For the month ended May 31 Sales ($10 per unit) Variable expenses: $900,000 Varlable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: 450,000 90,000 540,000 360,000 Flxed manufacturing overhead 240,000 90,000 330,000 $30,000 Flxed selling and administrative Total fixed expenses Net operating income The company produced 80,000 units in May and the beginning inventory consisted of 25,000 units. Variable production costs per unit and total fixed costs have remained constant over the past several months. The value of the company's inventory on May 31 under absorption costing would be o $60,000 O $90,000 O $75,000 $120,000