During its first year of operations, the McCormick Company incurred the following manufacturing costs Direct materials Direct labor Variable overhead Fixed overhead $6 per unit $4 per unit $5 per unit $ 234,000 per year The company produced 26,000 units, and sold 18,000 units, leaving 8,000 units in inventory at year-end. What is the value of ending inventory under absorption costing Multiple Choice C $354,000 $192.000 $120.000 $234.000