Bridgeport Company produced 10,700 units during the past year but sold only 8,900 of the units. The following additional information is also available: There was no work in process inventory at the beginning of the year. Bridgeport did not have any beginning finished goods inventory either. (a) 1 Calculate Bridgeport Company's finished goods inventory cost on December 31 under variable costing. (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.) Finished goods inventory cost $ Determine which costing method, absorption or variable, would show a higher net income for the year. would show a higher net income. By what amount? (Round per unit calculations to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)