At the end of the first year of operations, 6,500 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:Direct Materials- $26Direct Labor- $14.50Fixed Factory Overhead- $6.50Variable Factory Overhead- $5.70Determine the cost of the finished goods inventory reported on the balance sheet under A the absorption costing concept and B the variable costing concept.Absorption Costing- $Variable Costing- $