Compute the cost of ending finished goods inventory reported on the balance sheet using absorption costing.

Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 6,150 rackets and sold 4,980. Each racket was sold at a price of $90. Fixed overhead costs are $79,950 per year, and fixed selling and administrative costs are $65,600 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 absorption costing. Answer is not complete. Finished goods inventory under absorption costing Direct materials Direct labor Variable overhead 0 Fixed overhead Product cost per unit Units in ending FG inventory Finished goods inventory reported on balance sheet