Tri Town Manufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.

Costs involved in production are:
Direct material		$5.00
Direct labor		4.00
Variable manufacturing overhead		4.00
Total variable manufacturing costs per unit		$13.00
Fixed manufacturing overhead per year		$181,170

In addition, the company has fixed selling and administrative costs of $172,400 per year. During the year, Tri Town produces 54,900 snow shovels and sells 49,560 snow shovels.

Exercise 5.11

What is the value of ending inventory using full costing?

Value of ending inventory

$enter value of ending inventory in dollars