Iagan,IncHas Collected the Following Data What Is the Ending Balance in Finished Goods Inventory Using

Iagan,Inc.has collected the following data.(There are no beginning inventories.) $\begin{array}{|l|r|l|}\hline \text { Units produced } & 600 &\text { units } \\\hline \text { Sales price } & \$ 120 &\text { per unit } \\\hline \text { Direct materials } & { \$30}& \text{ per unit } \\\hline \text { Direct labor } & { \$10}&\text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 7 &\text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 17,900& \text { per year } \\\hline \text { Variable selling and administrative costs } & { \$4 }& \text{per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 10,600 &\text {per year } \\\hline\end{array}$ What is the ending balance in Finished Goods Inventory using variable costing if 500 units are sold?

A) $4000
B) $4700
C) $1700
D) $3000