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Variable and Absorption Costing Scott Manufacturing makes only one product with total unit manufacturing costs of $59, of which $41 is variable. No units were on hand at the beginning of 2015. During 2015 and 2016, the only product manufactured was sold for $93 per unit, and the cost 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 129.000 90.000 2016 1201003 190 000 a. Prepare gross profit computations for 2015 and 2016 using absorption costing Do not use negative signs with your answers Absorption Costing 2015 2016 81,000 x $ 11,570.000 x Cost of goods sold: Ferrinary 1.71000 x Froduction 5,840,000 * 5840 COU* GUI 681000 x Loss: Einwentory 1,710,000 * 1.140.000 * Color goods sold 51300 X 41000 X Gooi S 2899,000 X $ 4,160.000 x b. Prepare grass profit computations for 2015 and 2015 using variable costing Da nolike negative signs with your answers Variable Costing 2016 Sales $ 0.0 0.0 X 11.5/0.000 X Variable rasrotandel 1.1/0.000 x Praktion 4.690 X 4,680,000 x Goods availabc 4.580.0CC X 4,580,000 x - Erci lory 1,17600 X Variable cost of cosso 215 COCGX 5,070,000 x Les Liederuecuri cust 2.160.CO 2 .100.000 Goprofil $ 2,340.00 4,340.000 x