AccustartBBQ produces stainless steel propane gas grills. The company has been in operation for three years, and sales have declined each year due to increased competition. The following information is available:

2020 2021 2022 Total

Units Sold 28,080 24,580 26,900 79,560

Units Produced 28,080 28,080 23,400 79,560

Fixed Production Cost $28,080,000 $28,080,000 $28,080,000

Variable Production Cost Per Unit $1,000 $1,000 $1,000

Selling Price per unit $2,500 $2,500 $2,500

Fixed selling and administrative expense $3,600,000 $3,600,000 $3,600,000

Calculate profit and the value of ending inventory for each year under full costing

2020 2021 2022

Net Profit ? ? ?

Ending inventory ? ? ?

Calculate profit and the value of ending inventory for each year under variable costing.

2020 2021 2022

Net Profit ? ? ?

Ending inventory ? ? ?