A company has $8.00 per unit in variable production cost and $3.00 per unit in variable selling and administrative cost. The annual fixed production cost is $300,000. The annual fixed selling and administrative cost is $50,000.

Complete the table below for the number of units and dollar value of ending inventory for each year. Assume a FIFO flow.

	2007	2008	2009	2010
Units Produced	120,000	150,000	100,000	100,000
Units Sold	110,000	120,000	140,000	100,000
Units in ending inventory
Ending inventory using full costing
Ending inventory using variable costing