8. Pepperdine Co. produces and sells appliances. The following information relates to its operations for the year 2021. Beginning Inventory Units produced Units sold Selling price per unit Selling and administrative expenses Variable per unit 0 20,000 15,000 $150 $10 $300,000 Fixed (per month) Manufacturing costs Direct materials cost per unit $22 Direct labor cost per unit $15 Variable manufacturing overhead cost per unit $5 Fixed manufacturing overhead cost (per month) $260,000 Using Absorption costing, determine the dollar amount of ending inventory. Using the information from 8. above assume the company uses variable costing prepare an income statement for the year.