A manufacturer has 160 units in finished goods inventory at the end of the year. Using the per unit information below, compute the cost of finished goods inventory reported on the balance sheet under (a) absorption costing and (b) variable costing. (Leave no cells blank - be certain to enter "O" wherever required.) Direct materials $ 24 per unit Direct labor $ 14 per unit Variable overhead $ 10 per unit Fixed overhead $ 12 per unit (a) Absorption costing (b) Variable costing Direct materials Direct labor Variable overhead Fixed overhead Product cost per unit Finished goods inventory on balance sheet $ 0 $ 0