2. For Year 2000, Rider Ltd produced 100,000 units and sold 75,000 units. There was no opening inventory. Costs incurred for the production of 100,000 units are: $ Direct materials 150,000 Direct labour 187,500 Variable manufacturing overhead 100,000 Variable selling and general expenses 100,000 Fixed manufacturing overhead 200,000 100,000 Fixed administrative expenses Required: (a) Compute the cost of the ending finished goods inventory under both absorption and marginal costing. (b) Compute the cost of goods sold under absorption and marginal costing.