A company produces a single product. Variable production costs are $13.60 per unit and variable selling and administrative expenses are $4.60 per unit. Fixed manufacturing overhead totals $52,000 and fixed selling and administration expenses total $56,000. Assuming a beginning inventory of zero, production of 5600 units and sales of 4400 units, the dollar value of the ending inventory under variable costing would be:
A. $10,800
B. $21,840
C. $27,120
D. $16,320
Answer: D
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