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: Direct materials $192,622 Direct labor $143,165 Variable manufacturing overhead $210,843 Fixed manufacturing overhead $494,570 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. Under absorption costing, the ending inventory for the year would be valued at: O $283,200 O $274,700 $240,700 0 $213,200