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	$25
Unit DL	$18
Unit VOH	$7
Unit FOH	$10
Total completed and in process	20,000 units
Units sold	18,650
Units in process	350

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

	a.	$58,050
	b.	$50,000
	c.	$67,500
	d.	$43,000