A firm uses backflush costing and values inventory using throughput accounting. All actual cost amounts are equal to budgeted amounts. The firm has NO variable overhead.

Total DM	$15,000
Total DL	$5,000
Total Fixed OH	$20,000
Total completed and in process	5,000 units
Units in finished goods	100
Units in process	500

The firm has no raw materials at the end of the period. Which of the following is the correct balance for COGS after inventory costs have been backflushed?

Group of answer choices

$13,200

$17,600

$35,200

$20,000