Help Save & Exit Submit During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $7 per unit, Direct labor, $5 per unit. Variable overhead, $6 per unit, and Fixed overhead, $350,000. The company produced 35,000 units, and sold 28,000 units, leaving 7,000 units in inventory at year end. What is the value of ending Inventory under variable costing Multiple Choice O $126,000 $350,000 9 $70,000 $476,000