Exercise 2.24 Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for $60 each. The actual variable unit cost is as follows: Direct materials Direct labor Variable overhead Variable selling expense $16.00 5.30 2.90 2.40 $26.60 Total unit variable cost Fixed overhead was $320,000. Fixed selling expenses consisted of advertising copayments total- ing $110.000. Fixed administrative expenses were $236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was $148,000 for 4,000 juicers The value of ending inventory reported on the financial statements was a. S55,500 b. $92,500 c. $66,500 d. $39,900