PLEASE SOLVE ALL AND SHOW WORK - What would be Hope's finished goods inventory cost under the variable (direct) costing method at December 31, 2015? etc.

Fin 303 Additional Exercises Chapter 8 1. Information from Hope companys records for the year ended December 3, 2015 isavailable as follows: Net sales $2,800,000 Cost of goods manufactures: Variable $1,260,000 Fixed $630,000 operating expenses: Variable $196,000 Fixed $240,000 Units manufactured $70,000 Units sold $60,000 Finished goods inventory, 1/1/2015 $0 Hope had no work-in-process inventories at either the beginning or end of 2015. Required: a. What would be Hope's finished goods inventory cost under the variable (direct) costing method at December 31, 2015? b. What would Hope's operating income be undertheabsorption costing method? 2. cramer Corporation has two products in its ending inventory and uses lower of cost or market to account for each. mer normally prices its products to maintain a 30% gross profit margin. Specific data for each product follows: Product A Product B Historical cost $34. $90 Replacement cost $30 1592 Estimated cost to sell $10 $52 Estimated selling price $60 $200 using the lower of cost or market rule, what unit values should Cramer use to cost ProductAin its ending inventory