At the end of the year of operations, 4,600 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:

	Direct materials	$40
	Direct Labor	35
	Fixed factory overhead	5
	Variable factory overhead	6

Determine the cost of the finished goods inventory (total dollars) reported on the balance sheet under:

$ ________ (a) the absorption costing concept.

$ ________ (b) the variable costing concept.