Vaughn Manufacturing sells its product for $60 per unit. During 2019, it produced 58800 units and sold 49000 units (there was no beginning inventory). Costs per unit are: direct materials $15, direct labor $9, and variable overhead $3. Fixed costs are: $705600 manufacturing overhead, and $88200 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period?

$117600.

$147000.

$705600.

$29400.