Krepps Corporation produces only one product. Last year, Krepps built 34,060 units and sold 28,600 units. Production costs for the year were as follows:

Direct materials	ps	255,450
Direct labour	ps	173,706
Variable manufacturing overhead	ps	269,074
Fixed manufacturing costs	ps	510,900

During the year, sales amounted to $1,172,600, variable sales and administration expenses $148,720, and fixed sales and administration expenses $214,578. There was no beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, calculate the ending inventory for the year.

Answer rating: 100% (QA)

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