Chapter 7 Variable Costing RUTunedUP Company manufactures silicon sleeves for MP3 players. In July 2012, RUTunedUP began producing colorful sleeves. During the month of July, 25,000 units were produced, and 20,000 were sold at $7.95 each. The following costs were incurred: Direct Materials Direct Labor Variable Overhead Fixed Overhead Fixed Selling & Administrative Variable Selling & Administrative $ 35,500 $11.000 $ 8,000 $32,000 $ 15,000 $ 0.4 per unit Calculate the value of ending inventory under Variable Costing (Enter a number with two decimal places without commas or dollar signs)