Inventory Valuation under Absorption Costing and Variable Costing

At the end of the first year of operations, $4,400$ units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:

Direct $n$ Direct la Fixed fa Variable This info $x$

Open spreadsheet

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 $