During its first year of operations, Beta Company paid $16,000 for direct material and $17,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $7,000. General, selling, and administrative expenses were $6,000. The company produced 5,000 units and sold 4,000 units at a price of $15. What is the total cost of the ending inventory?

• A. $8,000

• B. $9,200

• C. $10,000

• D. $11,500