The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative es es $ 41 $ 14 $142,310 $126,660 Last year, 7,490 units were produced and 7,190 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 $7,190 greater than under absorption costing. $5,700 less than under absorption costing. O $7,190 less than under absorption costing. O the same as absorption costing