Carr Company produces a single product. Last year, Carr manufactured 33,100 units and sold 27,800 units. Production costs for the year were as follows: Fixed manufacturing overhead $595,800 Variable manufacturing overhead $274,730 Direct labor $145,640 Direct materials $248,250 Sales were $1,320,500, for the year, variable selling and administrative expenses were $164,020, and fixed selling and administrative expenses were $205,220. 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: (Do not round intermediate calculations.) $272,460 $202,460 $229,960 $263,960