The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production (DM + DL + VMOH) Selling and administrative Fixed costs per year: Production (FMOH) Selling and administrative $38 $14 $ 140,000 $ 84,000 Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory. $4,000 less than under absorption costing. the same as absorption costing. $6,800 less than under absorption costing. $6,800 greater than under absorption costing. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be: