During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials. $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $200,000. The company produced 25,000 units, and sold 17,500 units, leaving 7,500 units in Inventory at year-end. What is the value of ending inventory under variable costing? Multiple Choice $290,000 $90,000 $200,000 $150,000 $60,000