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4 During its first year of operations, the McCormick Company incurred the following manufacturing costs:...

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4 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? 8 00:49:21 Multiple Choice $45,000 0 $85,000 $40,000 0 $160,000 $205,000

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