Buckridge Company produces a single product. Last year, Buckridge Company manufactured 29,060 units and sold 20,960 units. Production costs for the year were as follows: Sales totaled $977,670 for the year, variable selling and administrative expenses totaled $127,000, and fixed selling and administrative expenses totaled $193,179. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at: $85,683 $246,446 $282,582 $148,508