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 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 120,000 90,000 20,000 130,000 2015 2016 a. Prepare gross profit computations for 2015 and 2016 using absorption costing. Do notuse negative signs with your answers. Absorption Costing 2015 2016 s 7,830,000 11,310,00 Sales Cost of goods sold Beginning inventory Productiorn Goods evailable Less: Ending invento 1,680,000 6,720,000 8400,000 6,720,000 680,000