Business, 12.03.2021 14:40, omqliz05

Direct materials $ 253,330 Direct labor $ 171,080 Variable manufacturing overhead $ 289,520 Fixed manufacturing overhead $ 592,200 Sales totaled $1,168,750 for the year, variable selling and administrative expenses totaled $148,500, and fixed selling and administrative expenses totaled $227,010. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at:

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Direct materials $ 253,330 Direct labor $ 171,080 Variable manufacturing overhead $ 289,520 Fixed ma...