At the end of the first year of operations, 11,250 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:

Direct Materials- $78

Direct Labor- $38

Fixed Factory Overhead- $12

Variable Factory Overhead- $11

Determine 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- $