Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,850 rackets and sold 5,830. Each racket was sold at a price of $90. Fixed overhead costs are $102,050 per year, and fixed selling and administrative costs are $69,000 per year. The company also reports the following per unit variable costs for the year. Direct materials Direct labor Variable overhead Variable selling and administrative expenses $ 12 8 5 2 Compute the cost of ending finished goods inventory reported on the balance sheet using variable costing. Answer is complete but not entirely correct. Finished goods inventory under variable costing Direct materials $ 12 Direct labor 8 Variable overhead 5 Variable selling and administrative expenses 13 Product cost per unit $ 38 Units in ending FG inventory 1,170 Finished goods inventory reported on balance sheet $ 44,460