A company produces a single product. Variable production costs are $13.8 per unit and variable selling and administrative expenses are $4.8 per unit. Fixed manufacturing overhead totals $54,000 and fixed selling and administration expenses total $58,000. Assuming a beginning inventory of zero, production of 5,800 units and sales of 4,500 units, the dollar value of the ending inventory under variable costing would be:
$17,940
$29,640
$24,180
$11,700