Use the following information to answer the question 1 & 2 below. Alpha Corporation produces a single product. The company's variable costing income statement for November appears below:

$ 800,000 Alpha Corporation Income Statement For the Month ended November 30 Sales ($20 per unit) Variable expenses: Variable cost of goods sold Variable selling expense Total variable expenses Contribution margin Fixed expenses: Manufacturing Selling and administrative Total fixed expenses Net operating income 480,000 100.000 580.000 -220,000 100,000 40.000 140,000 80,000 $ During November, 50,000 units were manufactured, and 5,000 units were in beginning inventory. Variable production costs have remained constant on a per unit basis over the past several months. 1. The value of the company's inventory on November 30 under absorption costing would be: A) $180,000 B) $210,000 C) $262,500 D) $277,500 2. Under absorption costing, for November the company would reporta A) $140,000 profit B) $100,000 profit C) $100,000 loss D) $ 80,000 profit