2. For Year 2000, Rider Ltd produced 100,000 units and sold 75,000 units. There was no...

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2. For Year 2000, Rider Ltd produced 100,000 units and sold 75,000 units. There was no opening inventory. Costs incurred for the production of 100,000 units are: $ Direct materials 150,000 Direct labour 187,500 Variable manufacturing overhead 100,000 Variable selling and general expenses 100,000 Fixed manufacturing overhead 200,000 100,000 Fixed administrative expenses Required: (a) Compute the cost of the ending finished goods inventory under both absorption and marginal costing. (b) Compute the cost of goods sold under absorption and marginal costing. 2. For Year 2000, Rider Ltd produced 100,000 units and sold 75,000 units. There was no opening inventory. Costs incurred for the production of 100,000 units are: $ Direct materials 150,000 Direct labour 187,500 Variable manufacturing overhead 100,000 Variable selling and general expenses 100,000 Fixed manufacturing overhead 200,000 100,000 Fixed administrative expenses Required: (a) Compute the cost of the ending finished goods inventory under both absorption and marginal costing. (b) Compute the cost of goods sold under absorption and marginal costing.