Hi-Tech Manufactures Basic Cell Phones for Cell Phone Service Providers

Multiple Choice

Hi-Tech manufactures basic cell phones for cell phone service providers. Data for March and April's production follows:
Hi-Tech started March with 1,000 cell phones that had variable costs of $28.00 per phone and fixed manufacturing costs of $2.00 per phone. Hi-Tech uses a FIFO cost flow.
-
What is the value of the ending inventory on April 30, 2012 using variable costing?

A) $22,400
B) $23,800
C) $23,100
D) $21,700