Exercise 8-27 Absorption versus Variable Costing (LO 8-1) Information taken from Ticonderoga Paper Company's records for the most recent year is as follows: $209,000 74,800 38,000 62,000 31,600 17,000 Direct material used Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Required: 1. Assuming Ticonderoga Paper Company uses variable costing, compute the inventoriable costs for the year Inventoriable cost 2. Compute the year's inventoriable costs using absorption costing. Inventoriable cost