?Pharoah Compamy produced $8,600$ ?units during the past year, but only $8,400$ ?of the units were sold. The following additional

information is also available.

There was no work in process inventory at the beginning and end of the year, nor did Pharoah have any beginning finished goods

imventory.

$($a$)$

V Your answer is correct.

What would be Pharoah Company's finished goods inventory cost on December $31$ ?under variable costing? $($Round intermediate

calculations to $2$ ?decimal places e$.$g$.10\mathrm{.}25$ ?and final answer to $0$ ?decimal places, e$.$g$.2,510.)$

Finished goods inventory cost $

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Attempts: $2$ ?of $3$ ?used

$($b$)$

Which costing method, absorption or variable costing, would show a higher net income for the year? By what amount? $($Round

intermediate calculations to $2$ ?decimal places e$.$g$.10\mathrm{.}25$ ?and final answer to $0$ ?decimal places, e$.$g$.2,510.)$

method would show a higher net income by $