What is the value of ending inventory using variable costing?

Show Attempt History Current Attempt in Progress ToyCo Manufacturing produces snow shovels. The selling price per snow shovel is $31.00. There is no beginning inventory. Costs involved in production are: Direct material $5.00 Direct labor 3.00 Variable manufacturing overhead 2.00 Total variable manufacturing costs per unit $10.00 Fixed manufacturing overhead per year $259,200 In addition, the company has fixed selling and administrative costs of $155,200 per year. During the year, ToyCo produces 54,000 snow shovels and sells 48,780 snow shovels