3000 QUESTION 12 Use the following information to answer the next 6 questions: Lily has the following information concerning production this period. Units in beginning inventory 0 Units produced 4000 Units sold Units in ending inventory 1000 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead 80000 Fixed selling and administrative 20000 Using absorption costing, what is the value of ending inventory for the period (again, don't use a dollar sign). Nu u o W