DeAnne Company Produces a Single Product

Multiple Choice

DeAnne Company produces a single product. The company's variable costing income statement for August appears below: The company produced 35,000 units in August and the beginning inventory consisted of 8,000 units. Variable production costs per unit and total fixed costs have remained constant over the past several months.
-The value of the company's inventory on August 31 under the absorption costing method is:

A) $27,000
B) $42,000
C) $36,000
D) $47,000