QS $19-8($Algo$)$ Computing inventory under absorption and variable costing LO P$2$

A manufacturer has $155$ units in finished goods inventory at the end of the year. Using the per unit information below, compute the cost of finished goods inventory reported on the balance sheet under

$($a$)$ absorption costing and

$($b$)$ variable costing.

Note: Leave no cells blank $-$ be certain to enter $"0"$ wherever required.

Direct materials$ $26$per unitDirect labor$ $12$per unitVariable overhead$ $8$per unitFixed overhead$ $10$per unit