Advanced company reports the following information for the current year. all beginning inventory amounts equaled $0 this year.

units produced this year	38,000 units
units sold this year	22,800 units
direct materials	$ 22 per unit
direct labor	$ 24 per unit
variable overhead	$ 3 per unit
fixed overhead	$ 190,000 in total

1. compute cost of finished goods in inventory under absorption costing.

2 . compute cost of finished goods in inventory under variable costing.

3 . product is sold for $74 per unit and operating expenses are $330,000, compute the net income under absorption costing.

4 . product is sold for $74 per unit and operating expenses are $330,000, compute the net income under variable costing.