Information taken from Ticonderoga Paper Company's records for the most recent year is as follows:

Required:
1. Assuming Ticonderoga Paper Company uses variable costing, compute the inventoriable costs for the year.
2. Compute the year's inventoriable costs using absorption costing.
3. Now assume that Ticonderoga Paper Company uses throughput costing, and the company has committed to spending for direct labor, variable overhead, and fixed overhead in the amounts given in the problem. Under this scenario, compute the company's inventoriable cost for the year.

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Direct material used. $203,000 Direct labor ...... 70,000 Variable manufacturing overhead 35,000 Fixed manufacturing overhead... 56,000 (continues)