During its first year of operations, the McCormick Company incurred the following manufacturing costs; Direct materials. Direct labor Variable overhead Fixed overhead $ 5 per unit $ 2 per unit $ 390,000 $ 4 per unit per year The company produced 39,000 units, and sold 30,000 units, leaving 9,000 units in inventory at year-end. What is the value of ending inventory under absorption costing? Multiple Choice $90,000 $99.000 $489,000 $390,000