Selected information concerning the operations of a company for the year ended December 31 is as follows:

Selected information concerning the operations of a company for the year ended December 31 is as follows:

Units produced20,000Units sold18,000Direct materials used$80,000Direct labor incurred$40,000Factory overhead$74,000

Work in process inventories at the beginning and end of the year were zero. Beginning inventory of finished goods was $9,650 (for 1,000 units). Cost of goods sold was $174,600. What was the company's finished goods inventory cost at December 31?

a.$29,050

b.$29,100

c.$98,050

d.$40,600