During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials Direct labor Variable overhead Fixed overhead $ 7 per unit $ 5 per unit $ 6 per unit $279,000 per year The company produced 31,000 units, and sold 20,500 units, leaving 10,500 units in inventory at year-end. What is the value of ending under variable costing? Multiple Choice $189,000 $279,000 $94,500 $283,500 $468,000