Grey Company uses Absorption costing, and has the following information: Year 1 Year 2 Finished Goods Inventory Beginning Inventory 0 15,000 0 Year 1 Units Produced 80,000 90,000 80,000 65,000 Units Sold 65,000 105,000 15,000 Year 2 Ending Inventory 15,000 0 90,000 105,000 0 Absorption cost per unit $12 $16 Selling Price per unit $25 $25 What is the cost of goods sold in year 2? $2,625,000 $1,620,000 $1,260,000 $1,680,000 Previous Page Next Page Submit Quiz 9 of 14 questions saved Page 9 of 11