Carr Company produces a single product. Last year, Carr manufactured 34,250 units and sold 28,400 units. Production costs for the year were as follows:
Fixed manufacturing overhead....................................$650,750
Variable manufacturing overhead.................................$256,875
Direct labor...........................................................$140,425
Direct materials......................................................$284,275
Sales were $1,434,200, for the year, variable selling and administrative expenses were $167,560, and fixed selling and administrative expenses were $215,775. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at: (Do not round intermediate calculations.)
A. $289,065
B. $297,565
C. $227,565
D. $255,065