During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $7 per unit. Direct labor 55 per unt. Variable overhead. $6 per unit, and Faxed overhead, $279,000. The company produced 31000 units, and sold 20,500 units, leaving 10,500 units in Inventory at year-end. What is the value of ending inventory under absorption costing Multiple Choice $94.500 $279.000 $189,000 5283.500