Question 1 of 1 23.75/100 View Policies Show Attempt History Current Attempt in Progress Hiroole Manufacturing produces snow shovels. The selling price per snow shovel is $ 27.00. There is no beginning inventory $5.00 5.00 Costs involved in production are: Direct material Direct labor Variable manufacturing overhead Total variable manufacturing costs per unit Fixed manufacturing overhead per year 2.00 $12.00 $ 237,360 In addition, the company has fixed selling and administrative costs of $ 157 500 per year. During the year, Hiroole produces 51,600 snow shovels and sells 46,480 snow shovels. associated with Walk Through Video Question 1 of 1 23.75/ Your answer is correct What is the value of ending inventory using full costing? Value of ending inventory $ 84992 e Textbook and Media Attempts: 2 of 3 Exercise 5.12 Your answer is correct. What is the value of ending inventory using variable costing? Value of ending inventory $ 61440 5 O ED - 2 Question 1 of 1 23.75 / 100 MI What is the value of ending inventory using variable costing? Value of ending inventory $ 61440 eTextbook and Media Attempts: 1 of 3 used Exercise 5.13 Calculate the difference in full costing net income and variable costing net income without preparing either income statement Difference in net income $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit