Karl's Keychain Company Produces Keychains That Sell for $1 Each

Multiple Choice

Karl's Keychain Company produces keychains that sell for $1 each. On January 1, 2015, the company had inventory of 8,000 keychains. During 2015, the company sold 900,000 keychains. At the end of the business year on December 31, 2015, the company's inventory of keychains was 9,000. What was the value of Karl's total production and inventory investment in 2015?

A) production = $901,000; inventory investment = $1,000
B) production = $900,000; inventory investment = $9,000
C) production =$899,000; inventory investment = $1,000
D) production = $891,000; inventory investment = $17,000