Inventory Valuation under Absorption Costing During the most recent year, Judson Company had the following data associated with the product it makes: Units in beginning inventory Units produced Units sold ($300 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative Required: 1. How many units are in ending inventory? units 300 14,700 12,700 $20 $60 $10 $30 $140,000 2. Using absorption costing, calculate the per-unit product cost. per unit 3 What is the value of ending inventory under absorption costing? 1. How many units are in ending inventory? units 2. Using absorption costing, calculate the per-unit product cost. $ per unit 3. What is the value of ending inventory under absorption costing