Hello, please answer the question below! Thank you!

Information taken from Allied Pipe Company's records for the most recent year is as follows: 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 Required: 1. Assuming Allied Pipe Company uses absorption costing, compute the inventoriable costs for the year. 2. Compute the year's inventoriable costs using variable costing. Inventoriable costs 1. Absorption costingg 2. Variable costing