Duffy Dog Manufacturing produces snow shovels. The selling price per snow shovel is $31.00. There is no beginning inventory. Costs involved in production are: Direct material $6.00 Direct labor 4.00 Variable manufacturing overhead 4.00 Total variable manufacturing costs per unit $14.00 Fixed manufacturing overhead per year $166,650 In addition, the company has fixed selling and administrative costs of $161,100 per year. During the year, Duffy Dog produces 50,500 snow shovels and sells 45,800 snow shovels. What is the value of ending inventory using full costing? Value of ending inventory $ 81,310 Exercise 5.12 Your Answer Correct Answer Your answer is correct. What is the value of ending inventory using variable costing? Value of ending inventory $ 65,800 Exercise 5.13 Calculate the difference in full costing net income and variable costing net income without preparing either income statement. Difference in net income $ eTextbook and Media Attempts: 0 of 1 used Submit