Show Attempt History Current Attempt in Progress Speedway Manufacturing produces snow shovels. The selling price per snow shovel is $ 32.00. There is no beginning inventory. Costs involved in production are: Direct material $ 4.00 Direct labor 1.00 Variable manufacturing overhead 3.00 Total variable manufacturing costs per unit $ 11.00 Fixed manufacturing overhead per year $ 130,480 In addition, the company has fixed selling and administrative costs of $ 147,400 per year. During the year, Speedway produces 46,600 snow shovels and sells 41,770 snow shovels. Exercise 5.11 Your Answer Correct Answer Your answer is correct. What is the value of ending inventory using full costing? Value of ending inventory $ 66654