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Fort Smith Technologies incurred the following costs during the past year when planned production and actual production each totaled 20,000 units: Direct material used $

Fort Smith Technologies incurred the following costs during the past year when planned production and actual production each totaled 20,000 units:

Direct material used $ 340,000
Direct labor 180,000
Variable manufacturing overhead 220,000
Fixed manufacturing overhead 130,000
Variable selling and administrative cost 65,000
Fixed selling and administrative cost 80,000

If Fort Smith uses absorption costing, the total inventoriable costs for the year would be:

Multiple Choice

$520,000.

$870,000.

$805,000.

$585,000.

$740,000.

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