Krepps Corporation produces a single product. Last year, Krepps manufactured 26,030 units and sold 20,700 units. Production costs for the year were as follows: 16 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 192, 622 $ 143, 165 $ 210,843 $ 494,570 01:36.45 Sales totaled $983,250 for the year, variable selling and administrative expenses totaled $120,060, and fixed selling and administrative expenses totaled $161,386. There was no beginning inventory. Assume that direct labor is a variable cost. cBook Under absorption costing, the ending inventory for the year would be valued at: Multiple Choice O $274,700 $213.200 $240,700 $283,200