During its first year of operations, the FCC Company incurred the following manufacturing costs: Direct materials, $8 per unit, Direct labor, $3 per unit, Variable overhead, $12 per unit, and Fixed overhead, $105,000. The company produced 21,000 units, and sold 15,500 units, leaving 5,500 units in inventory at year-end. What is the value of ending inventory under absorption costing (round your final answer to the nearest whole dollar, i.e. 104.735 would be 105 )? During its first year of operations, the MK Company incurred the following manufacturing costs: The company produced 29,000 units, and sold 19,500 units, leaving 9,500 units in inventory at yearend. What is the value of ending inventory under variable costing (round your final answer to the nearest whole dollar, i.e. 104.735 would be 105)