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

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Accounting

During its first year of operations, the McCormick Company incurred the following manufacturing costs:
\table[[Direct materials,$5 per unit],[Direct labor,$3 per unit],[Variable overhead,$4 per unit],[Fixed overhead,$363,000 per year]]
The company produced 33,000 units, and sold 27,000 units, leaving 6,0,00 units in inventory at year-end. What is the value of ending inventory under . variable costing?
Multiple Choice
$363,000
$138,000
$72,000
$435,000
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