(TCO 6) Blaster began operations in June 20XX.

(TCO 6) Blaster began operations in June 20XX. Blaster manufactures vehicle seat covers using a just-in-time production system supported by a backflush costing system. This system has two trigger points: (1) the purchase of raw materials, and (2) the sale of finished good units. Standard unit costs are $40 for raw materials and $25 for conversion costs. Blaster writes off any underallocated or overallocated conversion costs immediately. The following data were available for June 20XX.

Production of good units19,800

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Sales of good units19,750

Purchases of raw materials [20,000 units at $40]$800,000

Conversion costs incurred$496,000

The June ending total for all inventory balances is

$16,250.

$12,250.

$11,250.

$10,000.

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