A firm uses backflush costing and values inventory using direct costing. Actual and budgeted amounts are equal. Finished goods has a $0 beginning balance. (Note that some items below are on a per unit basis.)

Unit DM	$15
Unit DL	$8
Unit VOH	$5
Unit FOH	$7
Total completed and in process	20,000 units
Units sold	17,650
Units in process	200

Which of the following is the finished goods inventory balance after backflushing costs?

Group of answer choices

$32,250

$29,250

$60,200

$54,600