A company manufactures a single product. Unit costs are: $/Unit Variable production cost 14.75 Fixed production 8.30 Variable selling 2.60 Fixed selling 5.45 400,000 units of the product were...

A company manufactures a single product.

Unit costs are:                       $/Unit

400,000 units of the product were manufactured in a period, during which 394,000 units were sold. There was no inventory of the product at the beginning of the period.

Required:

1) Use Marginal costing to calculate the total value of the finished goods inventory at the end of the period.