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Krepps Corporation produces a single product Last year, Klepps manufactured 25.000 units and sold 20,000 units. Production costs for the year were as follows Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $180,000 $120.000 $210,000 $250,000 Sises totaled $850,000 for the year, Warloble selling and administrative expenses totaled $110,000, and fixed selling and administrative expenses totaled 570.000 There was no beginning inventory. Assume that direct labor is a variable cont Under absorption costing the ending inventory for the year would be valued at Multe Chalce $179.500 5222.000 $179,500 $222,000 O $152,000 O $213,500