Ivanhoe Manufacturing began its operations on January 1 of the current year. Ivanhoe produced 10800 units during the year, sold 8640 units at an average cost of $22 per unit, and had 2160 units in ending inventory. Variable production costs were $14 per unit, variable selling expenses were $2 per unit, fixed overhead totaled $12960, and fixed selling and administrative expenses totaled $32400. Under variable costing, what was Ivanhoe's ending inventory on the balance sheet? $32400 $30240 $9072 $32832