Affinity makes a single product, pool pumps. Information for 2020 appears below (Assume the same unit costs in all years): Sales in units Production in units 5,800 6,200 1,500 $46.00 $6.00 Beginning inventory Variable production cost per unit Variable selling cost per unit Fixed production cost per year Fixed selling and administrative cost per year Selling price per unit $31,000 $24,000 $75.00 How much will be reported for inventory on the balance sheet if variable costing is used? $87.400 $96.900 $ 108,300 VS 118,400 Affinity makes a single product, pool pumps. Information for 2020 appears below (Assume the same unit costs in all years): Sales in units Production in units 5,800 6,200 1,500 $46.00 $6.00 Beginning inventory Variable production cost per unit Variable selling cost per unit Fixed production cost per year Fixed selling and administrative cost per year Selling price per unit $31,000 $24,000 $75.00 How much is net income for the year under variable costing? $78,400 $87,600 $80,400 O None of these answer choices are correct