Krepps Corporation produces a single product. Last year, Krepps manufactured 34,080 units and sold 28,200 units. Production costs for the year were as follows: 718 Direct materiala Direct labor Variable manufacturing overhead Fixed manufacturing overhead $259,008 $153,360 $269,232 3443,040 Sales totaled $1,494,600 for the year, variable selling and administrative expenses totaled $163,560, and fixed selling and administrative expenses totaled $224,928. There was no beginning inventory. Assume that direct loboris a variable cont Under absorption costing, the ending Inventory for the year would be valued at: (Round your intermediate calculations to 2 decimal places) Multiple Choice 5264040 $194040 5255540