Kern Corporation produces a single product. Selected information concerning the operations of the company follow: Units in beginning inventory Units produced Units sold 10,000 9 , Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $40,000 $20,000 $12,000 $25, eee $ 4,500 $30,000 Assume that direct labor is a variable cost. Under absorption costing, the value of the ending finished goods inventory would be: Baraban Corporation has provided the following data for its most recent year of operation: Selling price per unit $ 47 3 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses: Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year $ 10 $ 6 $ 5 $130,000 $ 5 $ 63,000 Units in beginning inventory Units produced during the year Units sold during the year Units in ending inventory 10,000 9,000 1,000 The net operating income (loss) under absorption costing closest to