Question 1 (1 point) Last year, Ella Company produced 10,000 units and sold 9,000 units at a sales price of $9 per unit. Costs for that year are as follows: Direct materials $10,000 Direct labour 15,000 Variable manufacturing 5,000 overhead Fixed manufacturing 20,000 overhead Variable selling 7,200 expense Fixed selling expense 5,000 Fixed administrative 12,000 expense Fixed manufacturing overhead is applied on the basis of expected production. Last year, the company expected to produce 10,000 units. The company had no beginning inventories. What is the value of the ending Finished Goods Inventory using the Absorption Costing method? $5,000 $2,000 $3,720