During its first year of operations, Carlos Manufacturing Corporation incurred the following costs to produce 8,000 units of its only product:

Direct materials	$7 per unit
Direct labor	$3 per unit
Variable manufacturing overhead	$18 per unit
Fixed manufacturing overhead	$450,000 in total

The company also incurred the following costs in selling 7,500 units of product during its first year:

Variable selling and administrative	$2 per unit
Fixed selling and administrative	$60,000 in total

Assume that direct labor is a variable cost. Under absorption costing, what is the total cost that would be assigned to Carlos' finished goods inventory at the end of the first year of operations?

A)$15,000

B)$42,125

C)$44,000

D)$47,125