Kris, Inc. manufactures a single product that had the following cost structure this year:

• Variable Manufacturing Cost per unit: $29
• Variable Selling and Administrative cost per unit: $15
• Fixed Manufacturing Cost, Total: $1,147,000
• Fixed Selling and Administrative Costs, Total: $517,000

They sold 32,000 units for $123 each during the year, and produced 41,000 units. What is the ending finished goods inventory under variable costing?

Select one:

A.

$251,780 less than under absorption costing.

B.

$248,488 less than under absorption costing.

C.

$251,780 greater than under absorption costing.

D.

$261,000 less than under absorption costing.

E.

$113,488 less than under absorption costing.