Hogwarts Industries manufactures toy wands related to the Harry Potter novels. In the first year of operations. Hogwarts Industries reported the following: $ 60.000 $ 80,000 Direct materials Direct labor Fixed manufacturing overhead Variable manufacturing overhead $ 100,000 $ 20,000 finished goods will Assume the company produced 10,000 units of inventory and sold 6,000 of these units for $192,000. What amount be reported on the balance sheet at the end of the year under absorption costing? Multiple Choice O $260,000 O $64,000 O $104,000 $96,000