Use the same information below to answer the next $2$ questions

During its first year of operations $($i$.$e$.$ no beginning inventory$),$ Mitchell Inc. incurred the following manufacturing costs: Direct materials, $$5$ per unit; Direct labor, $$3$ per unit; Variable overhead, $$4$ per unit; Fixed overhead, $$250,000$ in total; Variable selling expenses, $$2$ per unit; Fixed selling expenses, $$100,000$ in total. Mitchell produced $25,000$ units and sold $20,000$ units.

What is the value of ending inventory under absorption costing?

$$130,000$

$$110,000$

$$122,500$

$$60,000$

$$70,000$