Fixed Manufacturing Overhead $180,200

Divided by units produced 53,000

Fixed Manufacturing Overhead per unit $3.40

Direct Material per unit 4.00

Direct Labor per unit 4.00

Variable Manufacturing Overhead per unit 3.00

Cost per unit $14.40

Shovels produced 53,000

Shovels sold (48,270)

Shovels in ending inventory 4,730

Cost per unit $14.40

Value of ending inventory $68,112

What is the value of ending inventory using variable costing?