Saved Help Save & Exit Subm During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $4 per unit Direct labor $2 per unit, Variable overhead, $3 per unit, and Fixed overhead, $160,000. The company produced 20,000 units, and sold 15,000 units, leaving 5,000 units in Inventory at year-end. What is the value of ending inventory under variable costing? 12 Multiple Choice O $40,000 $45.000 $160,000 $205.000 $85.000