Rickman,Inc There Are No Beginning Inventories

Multiple Choice

Rickman,Inc.reports the following information: $$\begin{array} { | l | r |r| } \hline \text { Units produced } & 590& \text { units } \\\hline \text { Units sold } & 490& \text { units } \\\hline \text { Sales price } & \$ 120& \text { per unit } \\\hline \text { Direct materials } & \$ 26 &\text { per unit } \\\hline \text { Direct labor } & \$ 9& \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 14& \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 16,500& \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 6 &\text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 12,200 &\text { per year } \\\hline\end{array}$$ There are no beginning inventories.What is the ending balance in Finished Goods Inventory using variable costing?

A) $4,900
B) $3,500
C) $5,500
D) $7,697