Information taken from Kombucha Cooperative’s records for the most recent year is as follows:

Required:
1. Assuming Kombucha Cooperative uses absorption costing, compute the inventoriable costs for the year.
2. Compute the year’s inventoriable costs using variable costing.

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Direct material used Direct labor... Variable manufacturing overhead Fixed manufacturing overhead...... Variable selling and administrative costs Fixed selling and administrative costs $340,000 160,000 75,000 125,000 70,000 37,000