Inventory Valuation under Absorption Costing During the most recent year, Judson Company had the following data associated with the product it makes: Line Item Description Numerical Value Units in beginning inventory 300 Units produced 15,000 Units sold ($300 per unit) 12,700 Variable costs per unit: Direct materials $20 Direct labor $60 Variable overhead $12 Fixed costs: Fixed overhead per unit produced $30 Fixed selling and administrative $140,000