Indiana company incured the following costs during the past year when planned production and actual production each totaled 20,000 units

direct material used 280,000

direct labor 120,000

variable manufacturing overhead 160,000

variable selling and administrative costs 60,000

fixed selling and administrative costs 90,000

If indiana uses variable costing, the total inventoriable costs for the year would be:

400,000

460,000

560,000

620,000

660,000