Use the following to answer questions 7-9:

Beginning inventory in units 0

Units produced 2,400

Units sold 2,000

Sales $200,000

Material cost (unit level or variable) $ 24,000

Variable conversion cost used (Committed) $ 48,000

Facility-level or fixed manufacturing cost $ 36,000

Indirect operating costs (fixed) $ 40,000

7. The throughput product cost of goods sold is:

A) $24,000 B) $60,000 C) $90,000 D) $20,000

8. The variable cost of goods sold is: A) $55,000 B) $60,000 C) $90,000 D) $20,000

9. The absorption cost of goods sold is: A) $50,000 B) $60,000 C) $90,000 D) $20,000