Absorption and Variable Costing; Inventory Valuation Bond ware Inc. has a highly automated assembly line that uses very little direct labor. Therefore, direct labor is part of variable overhead. For March, assume that it incurred the following unit costs:

The 100 units of beginning inventory for March had an absorption costing value of \($90,000\) and a variable costing value of \($76,000\). For March, assume that Bond ware Inc. produced 500 units and sold 540 units.
Required
Compute Bond ware’s March amount of ending inventory under both absorption and variable costing if the FIFO inventory method was used.

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Direct materials Variable overhead. Fixed overhead.. $500 440 160