Inventory Valuation under Variable 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 300 15,000 12,700 $20 $60 $12 $30 $140,000 Required: 1. How many units are in ending inventory? 2,600 units 2. Using variable costing, calculate the per-unit product cost. 3. What is the value of ending inventory under variable costing?