Black Forest Time Pieces produces and sells a mantel clock for $200 each. Last year, 42,000 clocks were produced and 37,000 were sold. Other information for the prior year include:
|Clock costs, per unit:|
|Fixed manufacturing (based on 10,000 units per month)||\$62.50|
|Administrative (all fixed)||\$37.50|
There were no beginning inventories last year.
What is the cost of the ending inventory for last year under the variable costing method?