I arrived at an inventory cost of 205k made up of:

Direct labour = 50k

Direct materials = 75k

Overheads = 80k (based on planned activity)

Can anyone confirm this is correct?

c) During its first year of operations, a manufacturing company produced 40,000 units of finished goods. This came short of its expected normal production level of 50,000 units. The production costs incurred during the year included: Direct labour costs of 200,000 . Direct material costs of 300,000 Overhead costs of 400,000 As at the end of the accounting year, there were 10,000 units of finished goods in stock. Calculate the value of the company's finished goods inventory as at the end of the accounting year, clearly explaining your workings and rationale. 6 marks