Perkins Corporation produces a single product. Last year, Perkins manufactured 34,930 units and sold 29,900 units. Production costs for the year were as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $265,468 $171, 157 $300, 398 $454,090 Sales totaled $1,330,550 for the year, variable selling and administrative expenses totaled $170,430, and fixed selling and administrative expenses totaled $261,975. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be: Multiple Choice $233,023 O $171,523 O $241,523 O O $199,023