Krepps Corporation produces a single product, Last year, Krepps monufnctured 33,930 units and sold 28,300 units production costs for the year were as follows: Soles totaled $1,287,650 for the year; variable seiling and administrative expenses totaled $164,140, and fixed seling and administrative expenses totaled $206,973. 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: Under absorption costing, the ending inventory for the year would be valued at: Muitiple Choice $271,499 $209,999 $279,999 $237,499