Hardigree Insurance has collected the following information over the last six months. Month Units produced Total costs March 2,100 3,200 April May 2,200 $6,900 9.400 7,100 9.500 8,000 June 3,000 2.800 July August 2,000 6.700 Using the high-low method, what is the estimated total cost in a month when 3,100 units are produced? $9,175 $6,975 $4,732 $6,932 Meow Foods had 2,000 25-pound bags of cat food in beginning inventory. During 2020, the company manufactured 16,000 bags and sold 15,000 units. Assume the same unit costs in all years. Each bag of food is sold for $17. The company experienced the following costs: Direct materials Direct labor Variable manufacturing overhead Variable selling Fixed manufacturing overhead Fixed selling $4.50 per unit $2.10 per unit $1.90 per unit $1.00 per unit $48.000 $24.000 $30,000 Fixed administrative If the company uses full costing, how much will be reported as inventory on the December 31, 2020 balance sheet? $9,000 $25,500 O $28.500 CON $34,500 5-11 PM