Wildhorse Company sells its product for $27 per unit. During 2022, it produced 23500 units and sold 16000 units (there was no beginning inventory). Costs per unit are: direct materials $8, direct labour $7, and variable overhead $6. Fixed costs are: $376000 manufacturing overhead, and $58750 selling and administrative expenses. Under absorption costing, what amount of fixed overhead is deferred to a future period? O $376000 O $112500 O $120000 O $256000