Required Information Use the following information for the Quick Study below. (Algo) The following information applles to the questions displayed below] Aces Incorporated, a manufacturer of tennls rackets, began operations thls year. The company produced 6,650 rackets and sold 5,230 . Each racket was sold at a price of $90. Flxed overhead costs are $86,450 per year, and fixed selling and adminlstratlve costs are $66,600 per year. The company also reports the following per unlt varlable costs for the year. QS 19-5 (Algo) Reporting inventory using variable costing LO P2 Compute the cost of ending finished goods Inventory reported on the balance sheet using varlable costing