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 $ 3 per unit $ 4 per unit $ 250,000 per year The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under variable costing? Multiple Choice $60,000 $110,000 $50,000 $250,000