Answer the following question using the information below: Torid Company processes 17,500 gallons of direct materials to produce two products, Product Xa Product Y. Product X sells for $5 per gallon and Product Y, the main product, sells for $150 per gal The following information is for December: Production ProductX: 5,375 Product Y: 9,975 Sales 5,300 9,990 Beginning Inventory 0 25 Ending Inventory 75 10 The manufacturing costs totalled $25,000. How much is the ending inventory for the byproduct if byproducts are recognized in the general ledger at the point of sale? $0 $1,500 $2,500 $375 Stiller Corporation incurred fixed manufacturing costs of $36,000 during 2015. Other information for 2015 includes: The budgeted denominator level is 2000 units. Units produced total 1600 units. Units sold total 1300 units. Beginning inventory was zero. The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold. Fixed manufacturing costs included in ending inventory total $5400 $6750 $8308