Beginning inventory of finished goods0Units produced (no work in process)22,000Units sold18,000Units in ending inventory of finished goods4,000Sales price$55 per unitVariable manufacturing costs$25 per unit manufacturedVariable selling and administrative expenses$7 per unit soldFixed manufacturing costs for the year$110,000Fixed selling and administrative expenses for the year$124,000

Using direct costing, the value of ending inventory of finished goods is:

$100,000

$120,000

$140,000

$220,000