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, $224,000. The company produced 28,000 units, and sold 19,000 units, leaving 9,000 units in inventory at year-end. What is the value of ending inventory under variable costing? Multiple Choice $81,000 $153,000 O $72,000 $224,000 $305,000