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Sheridan Manufacturing began its operations on January 1 of the current year. Sheridan produced 11400 units during the year, sold 9120 units at an average
Sheridan Manufacturing began its operations on January 1 of the current year. Sheridan produced 11400 units during the year, sold 9120 units at an average cost of $22 per unit, and had 2280 units in ending inventory. Variable production costs were $14 per unit, variable selling expenses were $2 per unit, fixed overhead totaled $13680, and fixed selling and administrative expenses totaled $34200. Under absorption costing, what was Sheridan's ending inventory on the balance sheet?
A. $9576
B. $34656
C.$31920
D.$34200
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