KokomoManufacturing produces snow shovels. The selling price per snow shovel is $28.00. There is no beginning inventory.

Costs involved in production are:

Direct material

$5.00Direct labor

4.00Variable manufacturing overhead

3.00Total variable manufacturing costs per unit

$12.00Fixed manufacturing overhead per year

$245,180

In addition, the company has fixed selling and administrative costs of $144,800per year.

During the year,Kokomoproduces53,300snow shovels and sells48,010snow shovels.

Exercise 5.11

What is the value of ending inventory using full costing?

Value of ending inventory$

enter value of ending inventory in dollars