q2:

Junko Company manufactures financial calculators and produced 97,000 units during the year. The finished goods inventory was 1,260 units on January 1 and 1,040 units on December 31. The average unit cost is $118, what was the cost of goods manufactured and the cost of goods sold for the year?

Please choose the correct option and show your calculation to validate your selection:

A. $11,446,000 & $11,471,960

B. $10,839,680 & $11,446,000

C. $11,446,000 & $12,839,680

D. $10,888,240 & $11,446,000