1. Beginning inventory for J Company was 1,000 units and ending inventory was 6,000 units. The direct labor cost per unit was $40. The direct material cost per unit was $20. The variable overhead cost per unit was $10. The fixed overhead cost per unit was $30. The variable selling and administrative cost per unit was $6. The fixed selling and administrative cost per unit was $14. What is the value of the ending inventory using the absorption costing method?

Group of answer choices

$600,000

$380,000

$420,000

$240,000

$360,000

2. R Corporation has a $220 per unit sales price for its only product. Variable production costs per unit manufactured are $80. Variable selling and administrative expenses per unit sold are $25. Total fixed production costs are $280,000. Total fixed selling and administrative expenses are $95,000. During the period there were 10,000 units produced and 8,000 units sold. There were no beginning inventories. What is the net income for F Company using the variable costing method?

Group of answer choices

$601,000

$775,000

$545,000

$920,000

$831,000