During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $4 per unit, Direct labor, $3 per unit. Variable overhead, $3 per unit, and Fixed overhead, $342.000. The company produced 38,000 units, and sold 29,500 units, leaving 8,500 units in inventory at year-end. What is the value of ending Inventory under variable costing? Multiple Choice $85,000 $427,000 $76,500 0 $342,000 $161,500