Inventory Balances under Variable Costing. For internal purposes, Harlow Manufacturing Company uses variable costing. As of January 31, 20x2, work-in-process inventory had a balance of $80,000, and finished goods inventory had a balance of $95,000. During February, products costing $45,000 were completed and transferred to the finished goods warehouse, and finished goods costing $100,000 were sold for $140,000. Determine the balance of work-in-process inventory and finished goods inventory as of February 28, 20x2