During its first year of operations, the McCormick Company Incurred the following manufacturing costs: Direct materials, $4 per unit, Direct labor, $2 per unit, Variable overhead, $3 per unit, and Fixed overhead, $160,000. The company produced 20,000 units, and sold 15,000 units, leaving 5,000 units In Inventory at year-end. What is the value of ending Inventory under absorption costing? Multiple Choice $45.000 $85.000 O O. $40.000 O $160.000 $205,000 O