Eagle Corporation manufactures a picnic table. Shown below is Eagle's cost structure:

	Variable cost per table	Total fixed cost for the year
Manufacturing cost	$71	$264,680
Selling and administrative	$6	$35,630

In its first year of operations, Eagle produced and sold 10,180 tables. The tables sold for $146 each.

If Eagle had sold only 9,040 tables in its first year, what total amount of cost would have been assigned to the 1,140 tables in finished goods inventory under the absorption costing method?

Which of the below is correct?

$110,580 $55,860 $80,940 $55,290