Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for $60 each. The actual variable unit cost is as follows:

Direct materials……………………………$16.00

Direct labor………………………………………5.30

Variable overhead…………………………….2.90

Variable selling expense……………………2.40

Total unit variable cost………………….$26.60

Fixed overhead was $320,000. Fixed selling expenses consisted of advertising copayments totaling $110,000. Fixed administrative expenses were $236,000. There were no beginning and ending work-in-process inventories. Beginning finished goods inventory was $148,000 for 4,000 juicers.

The value of ending inventory reported on the financial statements was

a. $55,500

b. $92,500

c. $66,500

d. $39,900