The information below concerns a business in its first year of trading. Production: $5000$ units Sales: $4000$ units Unit selling price: $10$ Variable production cost per unit: $4$ Selling expense per unit: $1$ Total fixed manufacturing overhead: $13000$ What is the amount of gross profit if the business uses absorption costing to value its inventory?
- A$7000$
- B$11000$
- C$13600$
- D$20000$