The Waterfall Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 14 Fixed costs per year: Production $ 216,300 Selling and administrative $ 190, 340 Last year, 7,210 units were produced and 7,110 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 O $7,110 greater than under absorption costing. O the same as absorption costing. $3,000 less than under absorption costing. O $7110 less than under absorption costing