In its first year of operations, Ashley's Hatchery has total product costs of $500,000 for the production of 10,000 units of product; it also has total period costs of $150,000. If 8,000 of the units produced are sold, how much will the company report on its balance sheet for inventory? Select one: O $350,000 $100,000 $250,000 O $500,000 $150,000 $400,000