Krepps Corporation produces a single product. Last year, Krepps manufactured $33,100$ units and sold $27,800$ units. Production costs for the year were as follows:

Direct materials $ $248,250$

Direct labor $ $145,640$

Variable manufacturing overhead $ $274,730$

Fixed manufacturing overhead $ $595,800$

Sales totaled $$1,320,500$ for the year, variable selling and administrative expenses totaled $$164,020,$ and fixed selling and administrative expenses totaled $$205,220.$ 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

$$229,960$

$$263,960$

$$272,460$

$$202,460$