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