The Southern Corporation manufactures a single product and has the following cost structure:Variable costs per unit:ProductionSelling and administrativeFixed costs per year:ProductionSelling and administrative$ $32$$ $13$$ $98,770$$ $86,920$Last year, $5,810$ units were produced and $5,610$ 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: