The accounting records for Moss Manufacturing Company included the following cost information relating to its first year of operations: Direct materials Direct labor Fixed manufacturing overhead Variable manufacturing overhead $ 23,500 $ 53,000 $ 37,000 $ 23,000 Assume the company produced 10,000 units of inventory and sold 7300 of these units for $126,290. What amount of finished goods will be reported on the balance sheet at the end of the year under variable costing? $58,865 $26,865 $62,865 None of these answers are correct