es Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses Fixed costs per year: Fixed manufacturing overhead Fixed selling and administrative expenses During this year, 30,750 units were produced and 26,000 units were sold. The Finished Goods inventory account at the end of this year shows a balance of $114,000 for the 4,750 unsold units. Required: 1-a. Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption costing. 1-b. Does it appear that the company is using variable costing or absorption costing to assign costs to the 4,750 units in its Finished Goods inventory? 2. Assume that the company wishes to prepare this year's financial statements for its stockholders. a. Is Finished Goods inventory of $114,000 the correct amount to include on the balance sheet for external reporting purposes? b. What balance should be reported in the Finished Goods inventory account for external reporting purposes? Req 1A Complete this question by entering your answers in the tabs below. $11 $10 $3 $7 Req 1B Variable costing $ 92,250 $ 285,000 Req 2A Req 2B Ending Balance in Finished Goods Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption costing. (Round intermediate calculation to the nearest dollar amount.)

During this year, 30.750 units were produced and 26,000 units were sold. The Finished Goods irventory account at the end of this year shows a balance of $114,000 for the 4,750 unsold units. Required: 1-a. Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption costing1.b. Does it appear that the company is using variable costing or absorption costing to assign costs to the 4,750 units in its. Finished Goods inventory? 2. Assume that the company wishes to prepare this year's financiat statements for its stockholders. a. Is Finished Goods inventory of $114,000 the correct amount to include on the balance sheet for external reporting purposes? b. What balance should be reported in the Finished Goods inventory account for external reporting purposes? Complete this question by entering your answers in the tabs below. Calculate this year's ending balance in Finished Goods inventory two ways-using variable costing and using absorption costing. (froind intermediate calculation to the ncarest dollor amount.)