The southern corporation manufactures a single product and has the following cost structure: variable costs per unit: production $ 35 selling and administrative $ 15 fixed costs per year: production $ 120,400 selling and administrative $ 101,140 last year, 6,020 units were produced and 5,920 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: