DeAnne Company produces a single product. The company's variable costing income statement for August appears below: Sales ($20 per unit) $ 858,000 Variable expenses: Variable COGS $ 514,800 Variable selling expense $ 128,700 Contribution margin $ 214,500 Fixed Expenses: Fixed manufacturing overhead $ 105,870 Fixed selling expenses $ 70,580 Net operating income $ 38,050 The company produced 35,290 units in August and the beginning inventory consisted of 8,290 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 August 31 under absorption costing would be: a. $8,160 c. $10,200 b. $12,240 d. $17,240