How do I prepare a gross profit computations for 2015 and 2016 using variable costing?

BusinessCourse Return to course @ Support * @Dashboard @ Bra Question 1 Not complete Marked out of 1,00 P Flag question Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $56, of which $38 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $87 per unit, and the cos structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for 2015 and 2016 Units Manufactured Units Sold 2015 120,000 90,000 2016 120.000 130,000 a. Prepare gross profit computations for 2015 and 2016 using absorption costing Do not use negative signs with your answers. Absorption Costing 2015 201 Sales 5 7,830,000 $11,310,000 Cost of goods sold: Beginning inventory 0 1,680,000 Production 6,720,000 6,720,000 Goods available 5,720,000 8,400,000 Less: Ending inventory 1.680,000 1.120,000 Cost of goods sold 5,040,000 7,280,000 Gross profit $ 2.790,000 $ 4,030,000 b. Prepare gross profit computations for 2015 and 2016 using variable costing Do not use negative signs with your answers. Variable Costing 2015 2016 Sales 5 7,830,000 $11,310,000 Variable cost of goods sold Beginning Inventory 0 1,680,000 Production 6,720,000 0 Goods available 0 Less: Ending inventory Variable cost of goods sold Less: Fixed manufacturing costs Gross profit o S 0