Your answer is incorrect. What would be Blossom Company's finished goods inventory cost on December 31 under variable costing? (Round intermediate calculations to 2 decimal places e.g. 10.25 and final answer to 0 decimal places, e.g. 2,510.) Finished goods inventory cost eTextbook and Media Blossom Company produced 8,600 units during the past year, but only 8,000 of the units were sold. The following additional information is also available. There was no work in process inventory at the beginning and end of the year, nor did Blossom have any beginning finished goods inventory. Which costing method, absorption or variable costing, would show a higher net income for the year? By what amount? (Round intermediate calculations to 2 decimal places e.g. 10.25 and final answer to 0 decimal places, e.g. 2,510.) method would show a higher net income by \$