Fasetech Inc. has collected the following data for November (there are no beginning inventories):

Units produced	600		units
Sales price	$130		per unit
Direct materials	$50		per unit
Direct labor	$15		per unit
Variable manufacturing overhead	$10		per unit
Fixed manufacturing overhead	$16,700		per year
Variable selling and administrative costs	$4		per unit
Fixed selling and administrative costs	$11,300		per year

What is the ending balance in finished goods inventory using absorption costing if

550

units are sold? (Round any intermediate calculations to the nearest cent.)

A.

$6,283

B.

$5,142

Your answer is correct.

C.

$1,392

D.

$3,750

Fasetech Inc. has collected the following data for November (there are no beginning inventories): Units produced 600 units $130 per unit Sales price Direct materials $50 per unit Direct labor $15 per unit Variable manufacturing overhead Fixed manufacturing overhead $10 per unit $16,700 per year $4 per unit $11,300 per year Variable selling and administrative costs Fixed selling and administrative costs What is the ending balance in finished goods inventory using absorption costing if 550 units are sold? (Round any intermediate calculations to the nearest cent.) A. $6,283 B. $5,142 C. $1,392 D. $3,750