Item13 Time Remaining 1 hour 23 minutes 46 seconds01:23:46 Item 13 Time Remaining 1 hour 23 minutes 46 seconds01:23:46 Krepps Corporation produces a single product. Last year, Krepps manufactured 32,210 units and sold 26,700 units. Production costs for the year were as follows: Direct materials $241,575 Direct labor $157,829 Variable manufacturing overhead $251,238 Fixed manufacturing overhead $418,730 Sales totaled $1,241,550 for the year, variable selling and administrative expenses totaled $138,840, and fixed selling and administrative expenses totaled $199,702. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at:

Multiple Choice

$252,932

$182,932

$244,432

$210,432