Required information [The following information applies to the questions displayed below.] Aces Incorporated, a manufacturer of tennis rackets, began operations this year. The company produced 7,650 rackets and sold 5,730. Each racket was sold at a price of $90. Fixed overhead costs are $99,450 per year, and fixed selling and administrative costs are $68,600 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 2852 Compute the cost of ending finished goods inventory reported on the balance sheet using variable costing. Answer is complete but not entirely correct. Finished goods inventory under variable costing Direct materials Direct labor 12 8 Variable overhead 50 Fixed overhead 13 Product cost per unit $ 38 Units in ending FG Inventory 1,920 Finished goods inventory reported on balance sheet $ 72,960