Kern Corporation produces a single product. Selected information concerning the operations of the company follow: Units in beginning inventory0Units produced10,000Units sold9,000 Direct materials$40,000Direct labor$20,000Variable manufacturing overhead$12,000Fixed manufacturing overhead$25,000Variable selling and administrative expenses$4,500Fixed selling and administrative expenses$30,000 Assume that direct labor is a variable cost. Under absorption costing, the value of the ending finished goods inventory would be:
A. $9,700
B. $7,650
C. $8,000
D. $7,200
Answer: A
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