Amalgamated Glass and Mirror Inc. had sales of 37,500 units and production of 50,000 units. Other information for the year included:

Direct Manufacturing Labour $375,000

Variable manufacturing overhead $200,000

Direct materials $300,000

Variable selling expenses $200,000

fixed administrative expenses $200,000

Fixed manufacturing overhead $400,000

There was no beginning inventory.

Required:

Compute the cost of goods sold under both absorption and variable costing.