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

Costs involved in production are:

Direct material

$4.00Direct labor

4.00Variable manufacturing overhead

2.00Total variable manufacturing costs per unit

$10.00Fixed manufacturing overhead per year

$245,250

In addition, the company has fixed selling and administrative costs of $170,800per year.

During the year,Uliproduces54,500snow shovels and sells49,310snow shovels.

What is the value of ending inventory using full costing?

Value of ending inventory$75,255.00

enter value of ending inventory in dollars

What is the value of ending inventory using variable costing?

Value of ending inventory$

enter value of ending inventory in dollars