The Southern Corporation manufactures a single product and has the following cost structure: $ $ 35 14 Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative $175,560 $140,450 Last year. 7,980 units were produced and 7,680 units were sold. There was no beginning inventory The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: Multiple Choice the same as absorption costing $7,680 greater than under absorption costing $7,680 less than under absorption costing O $6,500 less than under absorption costing