Help Save & During its first year of operations, the McCormick Company incurred the following manufacturing costs Direct materials 55 per unit, Direct labor, $3 per unit, Variable overhead, 54 per unit, and Fred overhead $290,000. The company produced 29,000 units, and sold 19,500 units, leaving 9,500 units in inventory at year end. What is the value of ending inventory under absorption costing? Multiple Choice 5209,000 $95,000 $290.000